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Hong Kong and Singapore both have policies of very low taxes as well as minimal government intervention in the economy. If you look the at the Index of Economic Freedom (found here: https://goo.gl/MM87TZ) you will see that Hong Kong is ranked number one with Singapore being ranked second. In addition, both places have been very open to foreign direct investment and sought to be leading transportation hubs as both have some of the busiest shipping ports in the world.
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