British colonialism definitely has a lot to do with it.
But, it is way too complicated to just say "look over there! They are way better than us!" Especially with small city states as Number Two
has just stated.
The title of this thread should rather be "Taiwan needs labor reform..... [as to not be worst than Hong Kong
There is a great editorial
from the Taipei Times last month that basically reflects the core of this thread. Taiwan doesn't just suffer due to its poor ability/willingness to attract foreign talent, it is also losing its own
top 'Brains' to foreign countries that will pay them what they deserve.
economies are built on the backs of the best
people with the best
ideas making the best
salaries and educated at the best
universities. America has known this for a long long time and benefits better than anyone else in the world from it. When you put nationalism in front of capitalism you get bulldozed by your competitors.