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Author: Tai-Lok Lui
Publisher: Taylor & Francis
ISBN: 1000965899
Category : Social Science
Languages : en
Pages : 150
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Book Description
This book explores the manifold ways that the current confrontations between China and the US, and political tensions within the Special Administrative Region (SAR) has brought Hong Kong to the forefront of emerging political frictions between Beijing and the territory and growing international rivalry between the two powerful nations of the world. Unlike the situation in the post-WWII decades, which witnessed the internationalisation of the Hong Kong economy, this “New Cold War” poses challenges to the SAR’s status as a global city and international financial and business centre. The enactment of the National Security Law and the growing presence of Beijing in regulating the SAR’s domestic affairs triggered strong reactions from many countries. Hong Kong has to bear some of the consequences of measures imposed onto China as a result of current controversies. The shadow of China also raises many eyebrows about the prospects of Hong Kong as a free and liberal city. And the outbreak of COVID-19 and the concomitant interruption to economic flows and the movement of people further complicate the situation. This book will be of great value to students and scholars in the fields such as Economics, Sociology and Asia Pacific studies. The chapters in this book were originally published in the Asia Pacific Business Review.
Author: Tai-Lok Lui
Publisher: Taylor & Francis
ISBN: 1000965899
Category : Social Science
Languages : en
Pages : 150
Get Book Here
Book Description
This book explores the manifold ways that the current confrontations between China and the US, and political tensions within the Special Administrative Region (SAR) has brought Hong Kong to the forefront of emerging political frictions between Beijing and the territory and growing international rivalry between the two powerful nations of the world. Unlike the situation in the post-WWII decades, which witnessed the internationalisation of the Hong Kong economy, this “New Cold War” poses challenges to the SAR’s status as a global city and international financial and business centre. The enactment of the National Security Law and the growing presence of Beijing in regulating the SAR’s domestic affairs triggered strong reactions from many countries. Hong Kong has to bear some of the consequences of measures imposed onto China as a result of current controversies. The shadow of China also raises many eyebrows about the prospects of Hong Kong as a free and liberal city. And the outbreak of COVID-19 and the concomitant interruption to economic flows and the movement of people further complicate the situation. This book will be of great value to students and scholars in the fields such as Economics, Sociology and Asia Pacific studies. The chapters in this book were originally published in the Asia Pacific Business Review.
Author: Dr Catherine Schenk
Publisher: Routledge
ISBN: 1134626045
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Based on previously unpublished archival records, this book studies the origins of Hong Kong's post war rise to global prominence. It explores the expansion of the gold market, stock market, banking system, foreign exchange market, and insurance in the years 1945-1965. This book makes a significant contribution to our understanding of the developme
Author: Stephen Chiu
Publisher: Routledge
ISBN: 1134600631
Category : History
Languages : en
Pages : 234
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Book Description
Hong Kong is a small city with a big reputation. As mainland China has become an 'economic powerhouse' Hong Kong has taken a route of development of its own, flourishing as an entrepot and a centre of commerce and finance for Chinese business, then as an industrial city and subsequently a regional and international financial centre. This volume examines the developmental history of Hong Kong, focusing on its rise to the status of a Chinese global city in the world economy. Chiu and Lui's analysis is distinct in its perspective of the development as an integrated process involving economic, political and social dimensions, and as such this insightful and original book will be a core text on Hong Kong society for students.
Author: Yan-leung Cheung
Publisher: Taylor & Francis
ISBN: 1317284771
Category : Social Science
Languages : en
Pages : 154
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Book Description
This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.
Author: Yasheng Huang
Publisher: Cambridge University Press
ISBN: 1139475134
Category : Political Science
Languages : en
Pages : 560
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Book Description
Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
Author: Peter E. Hamilton
Publisher: Columbia University Press
ISBN: 0231545703
Category : History
Languages : en
Pages : 295
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Book Description
Between 1949 and 1997, Hong Kong transformed from a struggling British colonial outpost into a global financial capital. Made in Hong Kong delivers a new narrative of this metamorphosis, revealing Hong Kong both as a critical engine in the expansion and remaking of postwar global capitalism and as the linchpin of Sino-U.S. trade since the 1970s. Peter E. Hamilton explores the role of an overlooked transnational Chinese elite who fled to Hong Kong amid war and revolution. Despite losing material possessions, these industrialists, bankers, academics, and other professionals retained crucial connections to the United States. They used these relationships to enmesh themselves and Hong Kong with the U.S. through commercial ties and higher education. By the 1960s, Hong Kong had become a manufacturing powerhouse supplying American consumers, and by the 1970s it was the world’s largest sender of foreign students to American colleges and universities. Hong Kong’s reorientation toward U.S. international leadership enabled its transplanted Chinese elites to benefit from expanding American influence in Asia and positioned them to act as shepherds to China’s reengagement with global capitalism. After China’s reforms accelerated under Deng Xiaoping, Hong Kong became a crucial node for China’s export-driven development, connecting Chinese labor with the U.S. market. Analyzing untapped archival sources from around the world, this book demonstrates why we cannot understand postwar globalization, China’s economic rise, or today’s Sino-U.S. trade relationship without centering Hong Kong.
Author: SAGE Publishing
Publisher: SAGE Publications, Incorporated
ISBN: 1071823213
Category : Business & Economics
Languages : en
Pages : 513
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Book Description
In 2020, COVID-19 starkly demonstrated the global interconnectedness of business, as it disrupted supply chains and manufacturing operations, broadly shuttered retail stores, and led to restrictions on movement and travel around the world. Other events in 2019 also showcased the undeniable globalization of business, be it from the (un)expected ramifications of Brexit to the impacts of data breaches across various industries. Riots in Hong Kong over an extradition bill also sparked huge debate and controversy, and the U.S.-China trade war also caused concern. All of these events may have largely and immediately impacted one region, yet effects reverberate across larger swathes of the globe—ultimately affecting vast areas, industries, and sectors across the international landscape. Issues in Global Business explores all of these and more, across a wide range of topics, including the on-demand economy, global manufacturing, Bitcoin, data security, and many 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.
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 0192549456
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
As well as marking the tenth anniversary of the collapse of Lehman Brothers and the consequent unleashing of the global financial crisis, 2018 is also the year of negotiations on the terms of the UK's exit from the European Union. Within a decade the banking world has witnessed two epochal events with potential to redraw the map of international financial centres: but how much has this map actually changed since 2008, and how is it likely to change in the near future? International Financial Centres after the Global Financial Crisis and Brexit gathers together leading economic historians, geographers, and other social scientists to focus on the post-2008 developments in key international financial centres. It focuses on the shifting hierarchies of New York, London, Paris, Geneva, Zurich, Frankfurt, Singapore, Hong Kong, Beijing, Shanghai, and Tokyo to question whether Asian financial centres have taken advantage of the crisis in the West. It also examines the medium-effects of the crisis, the level of regulation, and the rise of new technology (fintech). By exploring these crucial changes, it questions whether shifts in the financial industry and the global landscape will render these centres unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology.
Author: Bernadette Andreosso-O'Callaghan
Publisher: Springer Nature
ISBN: 3030946797
Category : Business & Economics
Languages : en
Pages : 231
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Book Description
This book examines the current main sustainable development issues in Asia from a socio-economic, macroeconomic, and financial perspective, beyond a plain environmental context. The book further analyzes both financial or health crises, which jeopardize the economic sustainability of countries, particularly in Asia where a sustained economic growth path is an occurrence of the recent past. By doing so, the volume presents case studies on countries such as China, Japan, South Korea, and ASEAN countries, like Thailand. In some instances, the book provides a comparative analysis of the experience of European Union countries. The book is divided into two parts. The first part presents contributions with socio-economic perspectives under the broad heading of sustainable development. Each contribution examines a specific Asian country. Additionally, it looks into China’s rise in adjacent regions like the Middle East, discussing China’s positioning in the world in the current post Covid19 context. The second part presents the experiences of a number of Asian countries in terms of financial and economic perspectives, including an analysis of the issue of sovereign debt. The book further examines broader topics, like the sustainability of the top financial centers, and micro-finance. The volume is a must-read for scholars, students, and practitioners, interested in a better understanding of sustainable development issues in Asia in particular, and economics in general.
Author: Mrs.Vanessa Le Lesle
Publisher: International Monetary Fund
ISBN: 149835713X
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
There is much speculation regarding a “race for dominance” among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as possessing historical, geographic, and scale economy advantages. This paper, however, suggests that there is an alternative prism through which the evolution of financial centers in Asia needs to be viewed. It underscores the importance of “complementarity” rather than “dominance” to better serve regional and global financial stability. We posit that such complementarity is vital, through network analysis of the roles of Hong Kong SAR and Singapore as the current leading financial centers in the region. This analysis suggests that a competition for dominance can result in de-stabilizing levels of interconnectivity that render the global “network” as a whole more susceptible to rapid propagation of shocks. We then examine the regulatory and policy challenges that may be encountered in furthering such complementary coexistence.
