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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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Why the Present Budget Policy Is Still the Most Sensible

Why the Present Budget Policy Is Still the Most Sensible

(p.59) 5 Why the Present Budget Policy Is Still the Most Sensible
Diversity and Occasional Anarchy

Yue Chim Richard Wong

Hong Kong University Press

Sir John Cowperthwaite, Financial Secretary from 1961 to 1971, said that the aggregate of decisions of individual businessmen in a free economy is more likely to do good than the centralized decisions of a government. The chapter examines the ways in which the Hong Kong government becomes less limited, and analyzes the extent to which it might evolve into a deep contradiction. In additiion, the consequences in terms of economic vitality and economic growth brought by a limited government are also examined.

Keywords:   Limited government, Economic vitality, Economic growth, Deep contradiction, Hong Kong government, Hong Kong, China, Economy, Policies, Sir John Cowperthwaite

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