The Economic Future of Hong Kong

The leadership of the People's Republic of China has opted not to treat the 1997 landmark change of sovereignty in Hong Kong as essentially irrelevant, but to take concrete steps toward incorporating Hong Kong into the Chinese body politic before the end of the 20th century. Miron Mushkat explores the likely ramifications of the one country, two systems formula that the Chinese have devised for Hong Kong, attempting to identify the possible paths along which the local economy may be propelled in the next decade or two. The emphasis throughout the book is on economic futures, because - the spate of political reforms in the territory notwithstanding - Mushkat continues to perceive Hong Kong largely as a business conglomerate headed by a board of directors, rather than as a full-fledged polity, and because there is a tendency among people residing there to define welfare primarily in economic terms. Political and social issues, however, are addressed as well. The author is quick to point out that, given the volatility of the Hong Kong environment, a substantial divergence between extrapolations based on the status quo and future events is highly probable. That does not, however, detract from the value of the optimistic, pessimistic, and trend scenarios that he provides

Geography · Political science · European Monetary and Fiscal Policies · European Socioeconomic and Political Studies · Global Financial Crisis and Policies

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