- 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
Global Economic Integration and the Distribution of Housing Wealth
Global Economic Integration and the Distribution of Housing Wealth
- Chapter:
- (p.87) 8 Global Economic Integration and the Distribution of Housing Wealth
- Source:
- Diversity and Occasional Anarchy
- Author(s):
Yue Chim Richard Wong
- Publisher:
- 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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- 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
