The Future of Hong Kong's Economy
According to the May 5 edition of the Hong Kong Standard, the future Chief Executive of Hong Kong may be committed to the development of Hong Kong as a high-technology manufacturing center, the Special Administrative Region (SAR) government will provide the funding for hi-tech ventures, and even the Chinese government is designating Hong Kong and Shenzhen as the next Silicon Valley ( " The Future of Hong Kong's Economy"). These aspirations offer a romantic vision, fitting for an historic moment. They are also misinformed and misguided.If significant resources were devoted to this approach, they would have to come from the taxpayer's pocket, and the consequence could be an end to the low-tax environment in which small business has thrived ("Hong Kong's Economy"). The purpose of this paper therefore, is to add a dose of realism to the presented in the Hong Kong article. To be blunt, Hong Kong does not need high-technology manufacturing, and if it did, the territory's economic system would be unable to implement such a radical change of direction. According to the another Hong Kong Standard article on May,11 ("Hong Kong's way") the economists who argue for the hi-tech manufacturing route to
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Some common words found in the essay are:
Hong Kong, Hong Kong's, Kong's Economy, Combinations Consumers, hong kong, At-Risk Pay, Sources Advantage, Leung Wu, Kong's Performance, Hong Kong-made, hong kong's, Economic Future, hong kong firms, kong firms, manufacturing firms, kong's sources advantage, kong's manufacturing, kong's economy, hi-tech manufacturing, hong kong's sources, kong's sources, sources advantage, hong kong's manufacturing, kong's manufacturing firms, service sector,
Approximate Word count = 2587
Approximate Pages = 10 (250 words per page double spaced)
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