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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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Economic Competition and Structural Change

Economic Competition and Structural Change

(p.77) 7 Economic Competition and Structural Change
Diversity and Occasional Anarchy

Yue Chim Richard Wong

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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