- Title Pages
- Dedication
- Illustrations
- Foreword
- Foreword
- Foreword
- Preface
-
1 The Panama Syndrome and the Origins of Deep Contradictions -
2 Contradictions in the Policy Environment -
3 Growing as a Part of China: A Historical Perspective -
4 External Shocks and Price Stability under the Linked Rate -
5 Why the Present Budget Policy Is Still the Most Sensible -
6 Looming Population Challenges -
7 Economic Competition and Structural Change -
8 Global Economic Integration and the Distribution of Housing Wealth -
9 Diversity and Occasional Anarchy: The Key to a Great City -
10 Cities, Human Capital, and Economic Development -
11 On the Creative and Innovative Economy -
12 Core Values, Functional Constituencies, and the Democratic Principle -
13 Simple Ideas in Political Economy -
14 Taxation, Regulation, and the Rational Politician -
15 Why Is Housing So Expensive? -
16 Education for Equality and Growth -
17 On Public Health Care Finances -
18 Mandatory Provident Fund Needs Reform -
19 Can We Afford Old Age Social Security? -
20 Economic Consequences of Universal Old Age Social Pensions -
21 How Can We Get Out of the Housing Quandary? -
22 Why Reforming Subsidized Housing Makes Sense - About the Author
Economic Competition and Structural Change
Economic Competition and Structural Change
- Chapter:
- (p.77) 7 Economic Competition and Structural Change
- Source:
- Diversity and Occasional Anarchy
- Author(s):
Yue Chim Richard Wong
- Publisher:
- Hong Kong University Press
Hong Kong's economy has experienced rapid structural changes over the past three decades. The service sector grew speedily in terms of its share in employment, nominal GDP and real GDP, while the manufacturing sector shrank significantly. Such a rapid structural change can be attributed to the relocation of manufacturing industries to the Pearl River Delta. Ostensibly, the expansion of manufacturing production in mainland China gives rise to an enormous demand for all sorts of supporting services in Hong Kong. This chapter examines the growing service sector in the territory. It explores the changes in labour productivity over time, the rise of intermediate production services and the government's role in a service economy.
Keywords: Economic competition, Structural change, Manufacturing sector, Service sector, Service economy, China, Hong Kong, Policies, Economy
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- Title Pages
- Dedication
- Illustrations
- Foreword
- Foreword
- Foreword
- Preface
-
1 The Panama Syndrome and the Origins of Deep Contradictions -
2 Contradictions in the Policy Environment -
3 Growing as a Part of China: A Historical Perspective -
4 External Shocks and Price Stability under the Linked Rate -
5 Why the Present Budget Policy Is Still the Most Sensible -
6 Looming Population Challenges -
7 Economic Competition and Structural Change -
8 Global Economic Integration and the Distribution of Housing Wealth -
9 Diversity and Occasional Anarchy: The Key to a Great City -
10 Cities, Human Capital, and Economic Development -
11 On the Creative and Innovative Economy -
12 Core Values, Functional Constituencies, and the Democratic Principle -
13 Simple Ideas in Political Economy -
14 Taxation, Regulation, and the Rational Politician -
15 Why Is Housing So Expensive? -
16 Education for Equality and Growth -
17 On Public Health Care Finances -
18 Mandatory Provident Fund Needs Reform -
19 Can We Afford Old Age Social Security? -
20 Economic Consequences of Universal Old Age Social Pensions -
21 How Can We Get Out of the Housing Quandary? -
22 Why Reforming Subsidized Housing Makes Sense - About the Author
