Economic history of Hong Kong during the 20th century

Type :

Term papers

Pages :

8 pages

Format :

.doc

Published date :

04/29/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction
The patterns of economic activity in Hong Kong
The Hong Kong legal system
The expansion of capitalism in the age of globalization
The first major change in the Hong Kong's economy
The composition of the Hong Kong work-force during the 50's and 60's
The export market for manufactured goods
Trade with China
Conclusion
Bibliography

Abstract

In this essay I will explore the economic history of hong kong during the 20th century. hong kong, during this period, I will argue, went from an entrepot trading outpost, which nevertheless attracted large British trading companies, to a major independent regional trading center. I will start by exploring the changes that took place in the hong kong economy during the 1950's and 60's, when the economy and culture established some of the patterns that would persist, and that would enable hong kong to become a significant economic force in the Asia-Pacific region. I will then explore the changes in the economy during the 1970's, the period when China opened its markets in a limited way to foreigners. The patterns of economic activity in hong kong shifted during this period, matching the shifts in the political structure of the entire world economy. This period is marked by a growing interest in the economic possibilities in the Asia-Pacific region by the West. I note that hong kong was favorably placed geographically, and also had the type of regulatory environment that enabled foreign financial firms to establish major branches in hong kong. during this period, too, hong kong became a major trading partner with China, and trade with other countries in the region (Taiwan, Singapore, and Japan) also increased significantly.