<p>With its rapidly approaching transition from British to Communist Chinese rule, the "future of Hong Kong" has been a frequent story for news reporters in both the East and the West. But the July 1st transfer of power has been seen mostly as a political event, with virtually no analysis of the economic future of one of the world's most important business centers. Now, in The Hong Kong Advantage, readers have the conclusions of a year-long study of the competitiveness of Hong Kong, in a volume that sheds light on both the colony's profitable past and its prospects in coming years. <br> Enright, Scott, and Dodwell highlight a number of reasons for the colony's prosperity--its unique intermingling of thousands of local and overseas firms; the hands-off policy of the colonial government; a singular blend of firms with steady cash flow (transportation, property, or utilities) and firms relying on flexibility, rapid response, and competitive pricing (clothing, toys, electronics); and its central location in the most dynamic economic region in the world. But the greatest reason for its success has been its metamorphosis into an information and knowledge-based economy, acting in particular as a metropolitan center for mainland China, combining the land, labor, and resources of the interior with the design, marketing, and logistics skills found in Hong Kong. The authors contend that this engine of prosperity should continue--and indeed grow stronger--after the transfer of power. Hong Kong's most pressing challenges, the book concludes, are problems generated by its own success, such as its high-cost economy (with rising rents, wages, and compensation packages) and the growing need for more highly skilled workers. If its business leaders can cope with these problems, the authors conclude, Hong Kong's economic future should be as successful as its past. <br> The Hong Kong Advantage is a book that everyone concerned about Hong Kong's economic future--and indeed the economic future of Asia and the world--will want to read.</p>

The Hong Kong Advantage

Business & Money

Dodwell, David

Scott, Edith

Enright, Michael

Economics

Oxford University Press

The first volume in the Over Hong Kong series was published in 1982. The photographer, Lew Roberts, had spent more than 100 hours of flying capturing the secret faces of Hong Kong. Very few people had seen those astonishing vistas, so here, in one book, was a whole new world. Now, 35 years after that first aerial insight, comes the latest and ninth volume in the series. Instead of a snapshot in time, it presents a visual review of the growth and development of Hong Kong. The earliest photograph in the book dates from 1880, and the latest was taken late in 2017. The photographic team has been augmented by Moby Lau who shot most of the new pictures in the book. Recent drone photography offers a never-before-seen aerial perspective on the city and surrounding landscape.

Over Hong Kong: 35th Anniversary (9)

Arts & Photography

Photography & Video

Odyssey Books & Maps

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Books by Dodwell, David