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Diversity and Occasional AnarchyOn Deep Economic and Social Contradictions in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2013

Print ISBN-13: 9789888139446

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888139446.001.0001

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Cities, Human Capital, and Economic Development

Cities, Human Capital, and Economic Development

(p.103) 10 Cities, Human Capital, and Economic Development
Diversity and Occasional Anarchy

Yue Chim Richard Wong

Hong Kong University Press

This chapter emphasizes the common elements in the works of Jane Jacobs and Professor Robert Lucas on economic development. Both shed light on significant failures of the standard neoclassical model of economic growth and demonstrate how the standard model of economic growth can be extended and modified to expound the observed patterns of growth among economies. Drawing on their ideas, the author puts forward some policy implications for Hong Kong.

Keywords:   Standard neoclassical model of economic growth, Jane Jacobs, Robert Lucas, Dynamic externality, Human capital, Economic development, Hong Kong, China, Economy, Policies

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