Question

Hong Kong had everything it needed to become economically powerful in the twentieth century except _____.

Answer 1

Hong Kong had everything it needed to become economically powerful in the twentieth century except its excessive dependence on international trade and finance.

Hong Kong has no tariffs on imported goods and it enjoys a free market economy.

But as the international trade and it growth largely depends on different external factor, this high dependency may work against its economic growth.

Answer 2

Hong Kong had everything it needed to become economically powerful in the twentieth century except the dependence on trade and finance at an excessive level.  

Explanation:

• Hong Kong enjoys a free market economy having no tariffs on imported goods at all.
• However, this extreme dependency act as a negative factor for its economy.
• As we all know that the international trade and its expansion depends upon some essential factors and neglecting those can be a bit harmful for the economy.

To know more:

Where is hong kong ?????​

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