World Scientific Publishing Company Economic Freedom: Lessons Of Hong Kong

From the Back Cover Hong Kong has been one of the fastest growing East Asian economies since the end of the Second World War. The adoption and practice of economic freedom have been major pillars in its economic success. Indeed, the experience of Hong Kong has served as a reference for other emerging economies in the region. The scope of the book elaborates the context and ingredients of economic freedom that have brought success and prosperity to Hong Kong. With sovereignty reversion to China in 1997, it is even more relevant to see how economic freedom is shaping and adapting to the new environment. There exist a number of economic indices based on economic freedom. Hong Kong has been ranked as the freest economy in the world for a number of consecutive years. While the economic freedom indices compare the performance of a large number of word economies, there is a lack of economic literature that studies the absolute level of economic freedom of a single economy. This book boldly serves the purpose of elaborating on the absolute performance of economic freedom in the world's freest economy. It is, therefore, the first of its kind and unique in its field. Numerous areas of studies related to economic freedom are examined, studied and elaborated so that readers can have a full and comprehensive understanding of the content of economic freedom in Hong Kong. Product Description Hong Kong has been one of the fastest growing East Asian economies since the end of the Second World War. The adoption and practice of economic freedom have been major pillars in its economic success. Indeed, the experience of Hong Kong has served as a reference for other emerging economies in the region. The scope of the book elaborates the context and ingredients of economic freedom that have brought success and prosperity to Hong Kong. With sovereignty reversion to China in 1997, it is even more relevant to see how economic freedom is shaping and adapting to the new environment.There exist a number of economic indices based on economic freedom. Hong Kong has been ranked as the freest economy in the world for a number of consecutive years. While the economic freedom indices compare the performance of a large number of word economies, there is a lack of economic literature that studies the absolute level of economic freedom of a single economy. This book boldly serves the purpose of elaborating on the absolute performance of economic freedom in the world's freest economy. It is, therefore, the first of its kind and unique in its field. Numerous areas of studies related to economic freedom are examined, studied and elaborated so that readers can have a full and comprehensive understanding of the content of economic freedom in Hong Kong. Review At a time of transition and turbulence in the global economy, economic freedom is an especially important subject for reflection and debate. The author uses the seminal case of Hong Kong to examine what it means to implement the idea and sustain it in practice. -- Louis W Pauly "Canada Research Chair in Globalization and Governance, Munk School of Global Affairs, University of Toronto"For more than three decades, the economy of Hong Kong has been the freest in the world. This elevates its importance for those seeking to understand the growth and development process. In this book, the author provides both an understandable and carefully researched record of the historical evolution and structural characteristics of the Hong Kong economy. It is a must read for those seeking to understand the Hong Kong experience and what we can learn from it. -- James Gwartney "Co-author, Economic Freedom of the World Annual Report, The Fraser Institute, Canada"Hong Kong is a small open economy that has achieved remarkable economic growth after the Second World War. Why has it been so successful? This book uncovers a variety of dynamic features that has contributed to its great success. We will see how econo