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Previous studies of East Asian welfare regimes focus on similarities between social security schemes. In contrast, this paper explores cross-national variations in public–private pension mixes in six welfare states: China, Hong Kong, Japan, Singapore, South Korea and Taiwan. Our research echoes the pension policy analysis of international organisations but takes a step forward with emphasis on the historical and institutional characteristics of the respective pension systems. The analysis identifies three institutional patterns. First, the statist pension system (Taiwan and China) primarily relies on public pensions to provide old-age security, with private pensions playing a rather minor role. Second, in the dualist pension system (Japan and Korea) both public and private pensions work in parallel to ensure retirement income, though a clear security gap exists between workers in the formal and informal economies. Finally, the individualist pension system (Hong Kong and Singapore) is characterised by genuine fully funded individual accounts, emphasising citizens' own responsibilities for ensuring old-age security. These three types of pension systems demonstrate distinct institutional characteristics and policy outcomes, illustrated by the juxtaposition of their institutional structures as well as by the comparison of key indicators collected from government reports and Organisation for Economic Co-operation and Development statistics. The paper concludes with a theoretical reflection of East Asian pension policies and a diagnosis of the distinct challenges confronted by each of the various pension patterns. [ABSTRACT FROM AUTHOR]

Land and buildings form a significant portion of the national wealth in most economies, but in Singapore and Hong Kong, two small city-states where land is scarce, real estate has an important role in the functioning of the whole economy. Transnational property and development companies are important players in Singapore and Hong Kong. They form an important part of the local stock market and have enjoyed considerable growth while providing substantial revenue for governments and wealth for individuals. Because of this important role, the paper redescribes Singapore and Hong Kong as property states, not rent-seeking economies as the term rent is usually used in discussing Asian capitalism. The importance of real estate, an immobile asset, is not only surprising in a global era defined in part by the mobility of capital, but also because in Singapore and Hong Kong land is publicly owned. The paper attempts to explain the anomaly by analysing the land allocation mechanisms in Singapore and Hong Kong. In spite of their similarities, real estate markets in Singapore and Hong Kong exhibit several differences, linked in turn to different policy options for their management. [ABSTRACT FROM AUTHOR]

The spectacular economic success of the Newly Industrialising Countries (NICS) of Asia since the 1960s, has led to the quest to identify other less developed countries which may be just about to become the next NICS of Asia. This paper examines the arguments for and against the view that there is a "second tier" of less developed countries which are about to join the ranks of the Asian NICS. While Malaysia and Thailand are generally thought to be the most likely candidates, this paper argues that one hitherto unrecognised contender. China, is likely to join these countries in achieving NIC status. This paper examines the question of whether there are likely to be more Newly Industrializing Countries (NICS) emerging over time, following in the footsteps of the original four in Asia (Hong Kong, Singapore, South Korea and Taiwan). While some writers suggest that several developing countries are about to achieve NIC status in the near future, others argue that world trading conditions have deteriorated to such an extent as to make this very unlikely. [ABSTRACT FROM AUTHOR]

This paper examines the time-series behaviour of house prices for the four Asian markets, namely, Hong Kong, Singapore, Tokyo and Taipei, by using structural time-series methodology. The paper assumes two types of trend models to characterise and compare the long-run movement of house prices. It also examines the cyclical pattern hidden in the series. The long-run trend rate in these markets ranged between approximately 1.6 and 3.2 per cent per annum. Hong Kong, Singapore and Taipei have relatively higher figures, which could be expected in light of the rapidly growing economies. Surprisingly, their cyclical patterns were fairly similar, although causes of the cycles differed. The markets were found to have stochastic cycles of around one year, two to four years and seven to ten years, which were consistent with previous findings on real business cycles commonly observed internationally in other macroeconomic time series. However, the found stochastic nature suggests all these markets are not in a steady state and is still changing. [ABSTRACT FROM AUTHOR]

The economic success of some of the countries within the East Asian region has generated a range of studies which have attempted to identify the sources of that growth. One strand within these analyses has focused on the critical role of schooling in the accumulation of human capital. This paper examines the role which education has played in the rapid development of the four 'Asian Tigers'; namely: Hong Kong, Taiwan, South Korea and Singapore. It is argued that whilst patterns of educational provision displayed some common features there were also significant differences in other areas such as the role of the state, sources of educational funding, the role of technical education and of the school curriculum. [ABSTRACT FROM AUTHOR]

This article conceptualizes the financial policy regimes of London, Hong Kong, Singapore and Shanghai, in the process of comparing and contrasting the sociopolitical relations that exist within the four cities. Based on the data collected from extensive field research, I identify four distinct financial policy regimes. First, a combination of low state intervention and influential industry actors in London reflects a financial policy regime that features dominant industry interest groups. While Hong Kong similarly features low state intervention, its industry actors are not influential. In contrast, financial sector development in Singapore features a ‘cocreation’ of financial policies by a close-knit network of state and industry actors. Lastly, Shanghai’s financial policy regime is largely dominated by state actors from both the central and local levels. By delineating and analyzing the policy regimes of the four international financial centers (IFCs), this article provides the first step toward a clearer and more critical understanding of how sociopolitical relations impact IFC development. In the process, it extends the analysis of IFCs beyond conventional neoliberal understandings of economic development. [ABSTRACT FROM PUBLISHER]

Analyzes the role of global real estate capital flows, the real estate sector and the politics of cities in the economic growth and urban development in Asia. Explanation on how property prices in global cities like Singapore and Hong Kong is made; Role of urban politics in cities in reducing negative externalities that have the power to retard economic growth; Strategies used by Singapore and Hong Kong in marketing their cities.

The article offers Asia news brief as of December 2012 related to changes intellectual property laws. The Hong Kong Government has issued a consultation paper for knowing the views from interested parties on a review of the patent system in Hong Kong, China. The Anti-Counterfeiting Trade Agreement (ACTA) has been signed by Singapore with seven countries including Australia, Canada and Japan. Amendments related to the trade marks, patents and designs laws have been passed in Singapore.

Presents information on a study on suicide statistics from Hong Kong and Singapore over the period 1984-1994. Physical characteristics of both countries; Data and method; Results and discussion.

The article focuses on Asian countries that have experienced economic growth over the past 50 years including Hong Kong, China; Japan; Singapore; South Korea and Taiwan. With the exception of Hong Kong, the economic success of the Asian countries has been attributed to the interventionist framework. Export-orientation is one strategy that is most associated with the success of the five Asian countries. The export-oriented strategy helped the five Asian countries in many ways. The ensuring growth of employment enabled the country to save and accumulate capital for reinvestment. The export-oriented strategy also positively affects the competitive advantages of the country. There are other non-economic factors, such as culture, the need to survive, strong government, historical factors and even luck, that could have helped in the development process of these countries. Policy-makers must know how to use the total-systems approach to solving economic problems. In other words, policy-makers must know how to analyse their economies as complex systems.