China Hong Kong & the World Economy

This book examines the transformation of the economies of China and the Hong Kong Special Administrative Region through the process of globalization. A subject gathering tremendous interest globally, due in part to China's transformation being a spectacular successful story and because Hong Kong, as the world's freest economy, has been seen to be bearing the brunt of the opening up of China to the extent that 'Fortune magazine' carried a story announcing its 'death'. This volume provides comprehensive coverage of various issues, including industrial restructuring, financial markets, technology, agriculture, exchange rate issues, trade and FDI issues, environmental issues, distributional issues and corporate governance issues. The message is clear: China's influence on the world economy is carrying increasing weight and yet this is providing the country with tremendous opportunity to play a role that will contribute toward a sustainable, prosperous world economy