num_pages: 297
description: In just about 40 years, Hong Kong has, against all odds, developed from a relatively obscure entrepot into a thriving industrial and financial economy of world renown. While such a complete metamorphosis constitutes an intriguing story, what of its future? Challenges of creeping, if not steadily proliferating, mercantilist forces and changing international division of labor aside, the capitalist city-economy of Hong Kong is now facing the problem of changing governance. The future of Hong Kong and its post-1997 destiny as a free-market economy hang in the balance.Focusing on relationships concerning trade in manufactures, industrial restructuring and economic development and enforced by a rich source of data, this book offers an in-depth examination of the evolution and characteristics of Hong Kong's postwar economy. This book presents a historical and comparative perspective, and analyzes the symbiotic connection with South China in the light of China's open-door policy since the late 1970s, as well as providing a thoughtful assessment of its current turning-point.Despite its emphasis on the economy of Hong Kong this book has a broader to contribute to the debate on alternative paths to growth and industrial restructuring in the context of a limited dirigisme, a debate particularly relevant not only to academics in the realm of development economics but also to government economists and other officials concerned with looking for growth lessons and development strategies.
language: English
title: Trade, Industrial Restructuring and Development in Hong Kong
titlecomplete: Trade, Industrial Restructuring and Development in Hong Kong
publisher: Univ of Hawaii Pr