Hong Kong

Business

Since the 70s, the economy of Hong Kong user has been the subject of the British and Chinese rule, was an economic policy called positive and in the context of the policy of non-interventionism, such as greeted the former country’s financial secretary of state.

long and often cited by economists as an example of the benefits of laissez-faire capitalism, this type of policy has the world’s freest economy eventually rank for no more and no less than 14 consecutive years. It is also the first place in the World Report of Economic Freedom, while some argue that this particular strategy characterized by the term inadequate lassez-faire.

First, the government owns all land in Hong Kong and rented it restricted to private users, with the sale. In this way, the price for the land in the same price would be-some say artificially high so that kept free way, the government public expenditure at a low rate support. In addition, the liberal political and legal framework has been more stable than most other countries.

according to the classification of economies by income, Hong Kong economy in the group entering high-income countries, and it follows a free market system is highly dependent on international trade. The GDP of Hong Kong economy is based on the estimated $ 254 data. 2 billion, with growth of 7%. The GDP per capita was $ 36,800 in 2005.

These numbers can with those of the four big economies of Western Europe are compared. GDP growth at a rate of 5% from 1989 to 2005 average, even though the country through two recessions during this period due to the financial crisis in Asia in 1997-1998 and the global downturn in 2001-2002.

Hong Kong has a unique geographical location and the various trading opportunities that have led both to great wealth generating assets. Hong Kong also one of the best protected natural harbors, for centuries an important refuge for pirates, before they colonized by the British, in 1841, soon developed a thriving international port.

His great geographical location and the size of the human resources are the two most important natural industrial-commercial asset of Hong Kong. With a skilled, adaptable and hardworking workforce, with the adoption of modern British business methods and technology, opportunities for foreign trade, investment, enforced, and recruitment, only bigger.