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How could one explain that such a small territory with just over 7 million inhabitants and with few natural resources, could manage to produce more wealth per person than its former colonizer, the United Kingdom?
For most economists, there is no better example than Hong Kong to reflect the ideals of the least possible interventionism in the economy promoted by Adam Smith. From the beginning of British rule, London wanted to implement economic and fiscal plans in Hong Kong as in its colonies in other parts of the world. But there was some opposition to increasing state intervention in the economy.
Who led this model of development? Was it successful? What problems should Hong Kong solve today?
Videos used:
- Free to Choose. Vol. 01
• Free To Choose 1980 - ...
Live in a water pipe: potential answer to Hong Kong's housing crisis
- • Live in a water pipe: ...
Some sources of interest (English):
- Minardi, Jean-François (2013). Hong Kong: The Ongoing Economic Miracle. Montrela Economic Institute.
www.iedm.org/f...
- Goodstadt, Leo. (2010). Fiscal freedom and the making of Hong Kong's capitalist society. China Information.
www.researchga...
Music:
Whatdafunk by Audionautix is licensed under the Creative Commons Attribution license (creativecommon...)
Artist: audionautix.com/