Résumé : In the wake of China's economic reforms in 1978, Hong Kong's industrial economy migrated northward, and it could have set about developing a knowledge-intensive economy. But while Hong Kong's early industrialization was a runaway success, its transformation into a new k…
Hong Kong's laissez-faire tradition has crippled attempts to transform it into a more knowledge-intensive economy and this is a lesson with wide applicability. Many emerging economies face innovation bottlenecks, but even somemore advanced economies face similar constraints and …