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Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Yue Chim Richard Wong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
book
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.001.0001
Subject:
Society and Culture, Asian Studies

The world economic landscape has experienced seismic changes in the fifteen years after restoration of Chinese sovereignty over Hong Kong in 1997. Fortunately, the Hong Kong economy has remained ... More


Portugal, China and the Macau Negotiations, 1986-1999

Carmen Amado Mendes

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139002
eISBN:
9789888180127
Item type:
book
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139002.001.0001
Subject:
History, Asian History

On 20 December 1999 the city of Macau became a Special Administrative Region of China after nearly 450 years of Portuguese administration. Drawing extensively on Portuguese and other sources, and on ... More


Floating on a Malayan Breeze: Travels in Malaysia and Singapore

Sudhir Thomas Vadaketh

Published in print:
2012
Published Online:
May 2013
ISBN:
9789888139316
eISBN:
9789888180189
Item type:
book
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139316.001.0001
Subject:
Society and Culture, Asian Studies

What happens after a country splits apart? After the separation of Singapore from Malaysia forty-seven years ago, the two countries have developed along their own paths since then. Malaysia has given ... More


External Shocks and Price Stability under the Linked Rate

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0004
Subject:
Society and Culture, Asian Studies

The Hong Kong dollar was fixed against the pound sterling until June 1972. Since 1983, it has been fixed against the US dollar. The linked exchange rate connects Hong Kong with the international ... More


Why the Present Budget Policy Is Still the Most Sensible

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0005
Subject:
Society and Culture, Asian Studies

Sir John Cowperthwaite, Financial Secretary from 1961 to 1971, said that the aggregate of decisions of individual businessmen in a free economy is more likely to do good than the centralized ... More


Looming Population Challenges

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0006
Subject:
Society and Culture, Asian Studies

It is said that Hong Kong has inherited conflicting legacies from Sir John Cowperthwaite and Sir Philip Haddon-Cave's economic policy and Governor Sir Murray Maclehose's socio-political policy ... More


Economic Competition and Structural Change

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0007
Subject:
Society and Culture, Asian Studies

Hong Kong's economy has experienced rapid structural changes over the past three decades. The service sector grew speedily in terms of its share in employment, nominal GDP and real GDP, while the ... More


Resources and Infrastructures in the Maritime Economy, 1500-2000

Gordon Boyce and Richard Gorski (eds)

Published in print:
2002
Published Online:
January 2019
ISBN:
9780973007329
eISBN:
9781786944726
Item type:
book
Publisher:
Liverpool University Press
DOI:
10.5949/liverpool/9780973007329.001.0001
Subject:
History, Maritime History

This book provides a study of both the physical and intangible frameworks that enabled maritime resources to flow and infrastructures to operate. The aim is to demonstrate the complexity and ... More


The Panama Syndrome and the Origins of Deep Contradictions

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0001
Subject:
Society and Culture, Asian Studies

In a 2010 press conference, Premier Wen Jiabao said that Hong Kong has a number of deep contradictions that had to be tackled. He spoke of five principal issues that Hong Kong had to face in the ... More


Contradictions in the Policy Environment

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0002
Subject:
Society and Culture, Asian Studies

All activities require decisions. Resources are finite but there is an array of demands that must be satisfied. Every decision incurs opportunity costs, and they comprise the options associated with ... More


Growing as a Part of China: A Historical Perspective

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0003
Subject:
Society and Culture, Asian Studies

The historical developments in Hong Kong have always been defined by its relationship with mainland China. The changing permeability of the “border” between Hong Kong and China largely embodies the ... More


Global Economic Integration and the Distribution of Housing Wealth

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0008
Subject:
Society and Culture, Asian Studies

Dani Rodrik, a professor at Harvard University, has long presented his argument on the political trilemma of the world economy. He called it an “impossibility theorem”. Global economic integration, ... More


Diversity and Occasional Anarchy: The Key to a Great City

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0009
Subject:
Society and Culture, Asian Studies

Jane Jacobs’ (1916-2006) observations of economic life in big cities challenged and modified the way the world sees cities. This chapter explores what we can learn from her work for Hong Kong and ... More


Cities, Human Capital, and Economic Development

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0010
Subject:
Society and Culture, Asian Studies

This chapter emphasizes the common elements in the works of Jane Jacobs and Professor Robert Lucas on economic development. Both shed light on significant failures of the standard neoclassical model ... More


On the Creative and Innovative Economy

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0011
Subject:
Society and Culture, Asian Studies

The author entertains the notion that in the long run, Hong Kong's economic growth counts critically on the creativity and innovation of the citizens. Positive non-interventionism has long been the ... More


Core Values, Functional Constituencies, and the Democratic Principle

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0012
Subject:
Society and Culture, Asian Studies

Geographic constituencies refer to a natural institutional arrangement in an agrarian society where economic self-sufficiency is the norm. Yet, geographic constituencies have self-preservation powers ... More


Simple Ideas in Political Economy

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0013
Subject:
Society and Culture, Asian Studies

This chapter offers a prism through which readers can compare a subsidy-in-cash with a subsidy-in-kind. A subsidy-in-kind not only provides people with no choice or lower flexibility, but also ... More


Taxation, Regulation, and the Rational Politician

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0014
Subject:
Society and Culture, Asian Studies

Governments usually intervene through taxation or regulation to manipulate market decisions as well as their outcomes. This chapter guides readers into thinking about the extent to which regulations ... More


Why Is Housing So Expensive?

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0015
Subject:
Society and Culture, Asian Studies

According to the traditional point of view, demand for residential flats outstrips land supply because of high housing prices. Another viewpoint claims that housing prices soar because of an array of ... More


Education for Equality and Growth

Yue Chim Richard Wong

in Diversity and Occasional Anarchy: On Deep Economic and Social Contradictions in Hong Kong

Published in print:
2013
Published Online:
January 2014
ISBN:
9789888139446
eISBN:
9789888180349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888139446.003.0016
Subject:
Society and Culture, Asian Studies

Understanding the factors and implications of income inequality in our society is of paramount importance. It tells us what has to be done to reduce inequality and alleviate the poverty problem. This ... More


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