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The immediate post-war period up to 1979 – Industrialisation
Korean War: Hong Kong started labour-intensive
manufacturing. It is the first economic restructuring.
Inflow of cheap labour and capital
During 40 years of industrialisation, there were four major
industries, the textile and clothing industry, the electronics
industry, the plastics industry, and the metals industry. From 1979 to the present – Post-industrialised Period
Open Door policy of China: Hong Kong transformed into a
service economy. It is the second economic restructuring.
Financial crisis: Human capital in the form of highly skilled
professionals, scientists and engineers of mainland origin and
from overseas is key. ?It may be the third economic restructuring.? Policy Co-ordination
Border area issues: Involves Guangdong & Central
government. Border checkpoints: Easing of congestion,
Western Crossing (Bridge between HK & Shenzhen).
Environmental protection: Border public works,
emission standards, & water qualit...
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- Spring '14