81are examples of former colonies that have achieved economic success.
A)Ethiopia and Somalia
B)Singapore and Hong Kong
C)France and Great Britain
D)Japan and China

Question

Quizplus · Accepted Answer

Singapore and Hong Kong are both former colonies that have achieved tremendous economic success. They have transformed into global financial centers and major commercial hubs. They have attracted substantial foreign direct investment due to their favorable tax and legal systems, infrastructure, and skilled workforce. Both countries have also been consistently ranked among the top countries in the world for ease of doing business by the World Bank. In contrast, Ethiopia and Somalia have struggled with political instability and economic challenges, while France and Great Britain are not former colonies themselves. Japan and China were not former colonies but have undergone significant economic growth and development over the past few decades.

81are Examples of Former Colonies That Have Achieved Economic Success