Conjecturing Hong Kong's Future: Lam Hang-chi's Editorials from the Hong Kong Economic Journal 1975-1984


Book Description

The editorials collected in this book date from 1975 to 1984 when the signing of the Joint Declaration between Britain and China, and Hong Kong lead to intense debates about this incongruous scenario. Dr. Lam's editorials and conjectures provided a focal point for discussing Hong Kong's future. His views on housing, assimilating immigrants, the collusion of politics and business still inform.




Conjecturing Hong Kong’s Future


Book Description

1975-1984: the decade leading up to the signing of the Sino-British Joint Declaration witnessed the rise of China from an isolated country to a serious economic player on the world stage and the decline of the British empire. Torn between the two was Hong Kong, a stable and prosperous British colony with an almost wholly Chinese population, a city world-renowned for money-making with little interest in politics. What would be Hong Kong's fate after 1997? At times astute and uncannily prescient, at other times wildly imaginative, Lam Hang-chi's daily editorials in the Hong Kong Economic Journal analyzed and conjectured Hong Kong's options at the time. His opinions sparked debates and frequently provided a focal point for the discussion on Hong Kong's future; His views on housing, assimilating immigrants, the collusion of politics and business, issues that are foremost in Hong Kong today, still inform. For the first time, they are made available in English.




Foreign Policy of China Under Deng Xiaoping


Book Description

The book examines, linking two key variables – ‘political leadership’ and ‘foreign policy’ – the role of Deng Xiaoping in China’s foreign policy shift after Mao in politico-strategic and economic domains. The book finds out that guided by his own personality, worldview, experience, pragmatism, belief and style Deng attempted to resolve the long-standing domestic and foreign policy issues. Most importantly, Deng moved from the primacy of politics to economic modernisation which resulted in far-reaching changes in China’s external engagement. The book's central inquiry is to assess the contemporary relevance of Deng’s foreign policy paradigm. It establishes that the relevance of Deng’s policy continues in the present context except for China’s pro-activeness towards issues pertaining to its territorial integrity and sovereignty. Using China’s case, the study advances the framework of understanding pertaining to the role of political leadership in foreign policy.




Natural Resources, Neither Curse nor Destiny


Book Description

'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.




Social Capital


Book Description

This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.




Efficiency and Anomalies in Stock Markets


Book Description

The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.




How East Asians View Democracy


Book Description

East Asian democracies are in trouble, their legitimacy threatened by poor policy performance and undermined by nostalgia for the progrowth, soft-authoritarian regimes of the past. Yet citizens throughout the region value freedom, reject authoritarian alternatives, and believe in democracy. This book is the first to report the results of a large-scale survey-research project, the East Asian Barometer, in which eight research teams conducted national-sample surveys in five new democracies (Korea, Taiwan, the Philippines, Thailand, and Mongolia), one established democracy (Japan), and two nondemocracies (China and Hong Kong) in order to assess the prospects for democratic consolidation. The findings present a definitive account of the way in which East Asians understand their governments and their roles as citizens. Contributors use their expert local knowledge to analyze responses from a set of core questions, revealing both common patterns and national characteristics in citizens' views of democracy. They explore sources of divergence and convergence in attitudes within and across nations. The findings are sobering. Japanese citizens are disillusioned. The region's new democracies have yet to prove themselves, and citizens in authoritarian China assess their regime's democratic performance relatively favorably. The contributors to this volume contradict the claim that democratic governance is incompatible with East Asian cultures but counsel against complacency toward the fate of democracy in the region. While many forces affect democratic consolidation, popular attitudes are a crucial factor. This book shows how and why skepticism and frustration are the ruling sentiments among today's East Asians.




The Mayaguez Crisis, Mission Command, and Civil-military Relations


Book Description

Preface -- Abbreviations -- Key figures in the Mayaguez Crisis -- Introduction -- Day one: Monday, May 12 -- Day two: Tuesday, May 13 -- Day three: Wednesday, May 14 -- Day four: Thursday, May 15 -- Critical crisis decisions -- Explaining decisions, behaviors and outcomes -- Refining the explanation: rationality, bureaucracy and beliefs -- Findings, issues, prescriptions -- Conclusion.




Hong Kong, China


Book Description

Written by three academic specialists on Hong Kong cultural identity, social history, and mass media, this book explores Hong Kong's cultural relation to the Chinese nation and state in the recent past, present, and future.




Sojourners and Settlers


Book Description

Among the many groups of Chinese who migrated from their ancestral homeland in the nineteenth century, none found a more favorable situation that those who came to Hawaii. Coming from South China, largely as laborers for sugar plantations and Chinese rice plantations but also as independent merchants and craftsmen, they arrived at a time when the tiny Polynesian kingdom was being drawn into an international economic, political, and cultural world. Sojourners and Settlers traces the waves of Chinese immigration, the plantation experience, and movement into urban occupations. Important for the migrants were their close ties with indigenous Hawaiians, hundreds establishing families with Hawaiian wives. Other migrants brought Chinese wives to the islands. Though many early Chinese families lived in the section of Honolulu called "Chinatown," this was never an exclusively Chinese place of residence, and under Hawaii's relatively open pattern of ethnic relations Chinese families rapidly became dispersed throughout Honolulu. Chinatown was, however, a nucleus for Chinese business, cultural, and organizational activities. More than two hundred organizations were formed by the migrants to provide mutual aid, to respond to discrimination under the monarchy and later under American laws, and to establish their status among other Chinese and Hawaii's multiethnic community. Professor Glick skillfully describes the organizational network in all its subtlety. He also examines the social apparatus of migrant existence: families, celebrations, newspapers, schools--in short, the way of life. Using a sociological framework, the author provides a fascinating account of the migrant settlers' transformation from villagers bound by ancestral clan and tradition into participants in a mobile, largely Westernized social order.