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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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Global Economic Integration and the Distribution of Housing Wealth

Global Economic Integration and the Distribution of Housing Wealth

(p.87) 8 Global Economic Integration and the Distribution of Housing Wealth
Diversity and Occasional Anarchy

Yue Chim Richard Wong

Hong Kong University Press

Dani Rodrik, a professor at Harvard University, has long presented his argument on the political trilemma of the world economy. He called it an “impossibility theorem”. Global economic integration, national sovereignty and democracy, according to him, are mutually incompatible choices in ordering the world economy. Combining the three choices is therefore out of the question. In addition to analyzing the political trilemma, this chapter also examines different aspects or events related to the housing market in Hong Kong, such as property price fluctuations, appropriate housing policies and property ownership.

Keywords:   Political trilemma, Global economic integration, National sovereignty, Democracy, Housing wealth, Housing market, Hong Kong, China, Policies, Economy

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