People walk in the central business district of Singapore. As recently as 1997, Hong Kong’s gross domestic product was above that of Singapore’s. But now, Singapore’s GDP per capita is US$51,855, compared with Hong Kong’s US$36,173, according to the World Bank. Photo: Bloomberg
Can Hong Kong be the envy of Singapore once more?
Tony Kwok says Hong Kong has fallen a long way from its lofty perch in the 1970s when it was held in high esteem by many Singaporeans. It should aim not just to catch up, but try to leapfrog Singapore in the major international rankings
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Singapore
People walk in the central business district of Singapore. As recently as 1997, Hong Kong’s gross domestic product was above that of Singapore’s. But now, Singapore’s GDP per capita is US$51,855, compared with Hong Kong’s US$36,173, according to the World Bank. Photo: Bloomberg