"It is reasonable to expect, for example, that one of the better-known “global trends” of today, the rise of the Pacific region, is likely to continue, simply because that development is so broad-based. It includes not only the economic powerhouse of Japan, but also that swiftly changing giant the People’s Republic of China; not only the prosperous and established industrial states of Australia and New Zealand, but also the immensely successful Asian newly industrializing countries like Taiwan, South Korea, Hong Kong, and Singapore—as well as the larger Association of Southeast Asian Nations (ASEAN) lands of Malaysia, Indonesia, Thailand, and the Philippines; by extension, it also includes the Pacific states of the United States and provinces of Canada. Economic growth in this vast area has been stimulated by a happy combination of factors: a spectacular rise in industrial productivity by export-oriented societies, in turn leading to great increases in foreign trade, shipping, and financial services; a marked move into the newer technologies as well as into cheaper, labor-intensive manufactures; and an immensely successful effort to increase agricultural output (especially grains and livestock) faster than total population growth. Each success has beneficially interacted with the others, to produce a rate of economic expansion which has far eclipsed that of the traditional western powers—as well as that of Comecon—in recent years."
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Paul Kennedy, The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500-2000 (1987)
https://en.wikiquote.org/wiki/Hong_Kong
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Hong Kong
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