Economic Freedom

Lessons of Hong Kong

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.

The Instructor's Manual and Study Guide is available upon request for all instructors who adopt this book as a course text. Please send your request to [email protected].

Contents:

• Economic Freedom: Theory, Measurement and Concepts
• The Hong Kong Brand of Economic Freedom
• GDP: Performance, Volatility and Comparison
• Total Factor Productivity: Performance of Industries and Sectors
• Small- and Medium-Sized Enterprises: Diversity and Productivity
• Knowledge-Based, Human Capital and Freedom
• Measurement of Economic Efficiency
• Competition
• The Finance Sector: Rankings, Development and Challenges
• The Linked Exchange Rate, Currency Attacks and Crisis
• Positive Non-intervention: Practices and Challenges
• Land, Property and Housing
• Inequality, Poverty and Economic Opportunity
• Economic Integration With Mainland China
• The Free Civic Model
• The Economic Freedom Path of Hong Kong

Readership: Students and researchers who are interested in Asian Economies.
Key Features:

• This is the first book that studies the absolute performance of economic freedom using the experience of Hong Kong
• The book covers a large number of areas that together explain the context, content and ingredients of a free economy
• The book extends and expands an earlier book by the same author on the economic recovery and restructuring of the Hong Kong economy. This book highlights the success and challenge of Hong Kong