Issues in Global Business is a single-volume reference that offers relevant perspectives and explains impacts of current events such as COVID-19, Brexit, and immigration across industries and regions. Topics covered include the on-demand economy, global manufacturing, Bitcoin, data security, and more. Coupled with a comprehensive overview of the business landscape around the world by Dr. Mamoun Benmamoun, an assistant professor at the Boeing Institute of International Business at Saint Louis University, this book provides students with the essential information they need to assess business practices through an international lens.
Chapter 12: Hong Kong’s Economy: Can it regain its luster?
Hong Kong’s Economy: Can it regain its luster?
From SAGE Business Researcher, January 15, 2018
Hong Kong provided much of the economic muscle that has transformed China into a global financial powerhouse over the past three decades. The city of 7.3 million, which has been a special administrative region of China since the United Kingdom relinquished control in 1997, is increasingly intertwined with the mainland. But while Hong Kong remains relatively prosperous and is still a regional financial center, its recent growth rate is well below that of the People’s Republic. The territory has failed to diversify to mitigate its reliance on trade services and finance and faces a host of ...