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Unformatted text preview: le. Equal opportunity
allows people to engage in self-centered activities and
pursue intra-comparison in income.
Other social paradigms often produce absolute, win-orlose, or live-or-die outcomes.
Peace & stability can be maintained
No matter how a regime is selected/elected, a regime
should take a pro-growth approach, giving high priority to
economic activities. Stages of Hong Kong’s Growth
Development as a financial centre: 1970s-1980s.
Revitalization of re-exports: 1980s-1990s.
Growth in services: 1990s-2000s. Structural Problems and Limitations of
Hong Kong’s Growth before 1997
Higher value-added processes leaving in Hong Kong.
Hong Kong economy restructured to service-oriented.
High inflation rate.
Hong Kong’s direct investment in China diversified
from manufacturing to real estate, finance, hotels,
In long run, HK’s lead in skills and infrastructure over
the mainland is eroding.
Elite fragmentation hampers crisis management and
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This document was uploaded on 03/26/2014.
- Spring '14