Economy mixed of Soviet style centrally planned and British style Free-market system
Quality = 7
China
Quality = 8.2
Taiwan
Quality = 7.2
Hong Kong
History
China uses its exchange to connect with international market and raise Capital -=> Competition by Shanghai exchange
Due to Protests Tourism & Retail market is down
High Real estate Price
Quality = 8.8
Singapore
History
"No. means you are 1st among Losers"
First President after Independence in 1965 -=> Lee Kuan Yew -=> Treated as next to God
Against Communism, Socialism
Practical, Money, Growth
CMIO Model -=> Chinese, Malay, Indian, Others
Quality
Ease of Doing Business = 1st
Meritocracy Rule
Strict Judiciary
Control on Media
Nationalism
Japan
History
Samurai
Shogun Era = 1650 to 1850
Feudal Lords -=> Like Landlords
No Legal System, Foreign Policy, Cross Border trade, Democracy, Prime Minister
Meiji Era = 1868 to 1912
Elected Parliament, Democracy, Common Tax System, Road Development, Education, Common Army, Legal System
Idea of Colonization -=> Because of Internal resources
After World War 2 -=> De-Militarization -=> Army man became Businessman
Saving Money in Banks -=> Low Interest rate -=> Industrialization
Perfection, Punctual
Foreign Aid > Industry > Oldest Working Population > Tough Competition > No Growth in 30 years
Quality = 7.6
Vietnam
Quality = 5.0
United Arab Emirates
Quality = 5.8
Saudi Arabia
Quality = 5.4
Qatar
Quality = 5.4
Australia
History
More than 50 % is Raw material export > Profit of FDI, not Country population
Industry moves out of Country because of Currency exchange rate
High Tax > Negative Gearing > People invest in Real estate > FDI on Real Estate > Unaffordable for normal people
Quality = 6.6
Per Capita Income = $ 53 K
New Zealand
History
Corporate Tax High (28%) > Surplus Spending for Government > Good Laws, Less Corruption > Immigration more, Foreign Money more, Price more > Ease of doing Business
Quality = 7.4
Per Capita Income = $ 38 K
United Kingdom
Quality = 7.2
England
History
Industrial Revolution
Quality
Financial Services, Banks, Family Office, Stability, Profit, Tax Heaven, High Foreign Investment
Wales
Scotland
Norway
History
Oil reserve > Money made is stored into Fund, Reinvestment > Stocks, Bonds, Cash, Commodities > High Tax & Cost of Living
Quality
Zero fear of Debt & Education & Medical
Sweden
History
Equal Distribution of Wealth, Rich people pay more Tax, High Entrepreneur rate
Liechtenstein
History
Easy process attracts Wealthy people
Wealth Tax, Surplus Export, High end Industry
Quality = 5.6
Switzerland
History
Quality = 8.4
France
History
Export, Tourism
Good Social Welfare > People don't want to Work
Quality = 7.2
Germany
History
Industry -=> World War 1 -=> Hyperinflation, War Repayment, Great Depression
World War 2 -=> Alias Helped West Germany -=> East Germany controlled by Soviet Union -=> Berlin Wall Fall
West carried East -=> Best of Capitalism & Socialism -=> Unlucky & Smart
Quality
Products recognized as Finest in the world
Ireland
Quality = 8.6
Netherlands
Quality = 7.2
Iceland
Quality = 6.2
Vatican
Quality = 5.4
Spain
Quality = 5.0
Cyprus
Quality = 3.0
El Salvador
Quality = 3.2
Brazil
Quality = 4.0
Argentina
History
Agriculture, Immigration > World War > Exports reduced > Corruption