From a 'barren rock' to the financial hub of East Asia: Hong Kong's economic transformation in the coordinating perspective

Asia Pacific Business Review

Volumn 10, Issue 3-4, 2004, Pages 360-381

  Yu, Fu Lai Tony ^a  

^a FENG CHIA UNIVERSITY   (Taiwan)

Author keywords

[No Author keywords available]

Indexed keywords

BUSINESS; ECONOMIC ACTIVITY; ECONOMIC DEVELOPMENT; ENTREPRENEUR; REGIONAL ECONOMY;

ASIA; CHINA; EASTERN HEMISPHERE; EURASIA; FAR EAST; HONG KONG; WORLD;

EID: 7244248773     PISSN: 13602381     EISSN: None     Source Type: Journal    
DOI: 10.1080/1360238042000264414     Document Type: Article

References (68)

1. Berger, P. and Berger, B. (1976), Sociology: A Biographical Approach revised edition. Middlesex: Penguin.
2. Berger, S. and Lester, R.K. (1997), Made by Hong Kong. Hong Kong: Oxford University Press.
3. Bolton, M.K. (1993), 'Imitation Versus Innovation: Lessons to be Learned From the Japanese', Organizational Dynamics, Winter, pp.30-45.
4. Castells, M. (1992), 'Four Asian Tigers with a Dragon Head: A Comparative Analysis of the State, Economy and Society in the Asian Pacific Rim', in R. Appelbaum and J. Henderson (eds), States and Development in the Asian Pacific Rim. London: Sage Publications, pp.33-70.
5. Chan, W.K. (1991), The Making of Hong Kong Society. Oxford: Clarendon Press.
6. Chau, L.C. (1993), Hong Kong. A Unique Case of Development. Washington, DC: The World Bank.
7. Chau, S.N. (1974), 'Family Management in Hong Kong', in L. Nehrt et al. (ed), Managerial Policy, Strategy and Planning for Southeast Asia. Hong Kong: The Chinese University of Hong Kong, pp.155-8.
8. Chen, E.K.Y (1979), Hyper-growth in Asian Economies. London: The MacMillan Press.
9. Chen, E.K.Y (1988), 'The Economic and Non-Economics of Asia's Four Little Dragons'. An Inaugural Lecture, University of Hong Kong, Supplement to the Gazette , 35(L), 21 March.
10. Chen, E.K.Y and Wong, T. (1989), The Future Direction of Industrial Development in the Asian Newly Industrialized Economies (NIEs), Asian and Pacific Development Centre.
11. Cheng, T.Y (1982), The Economy of Hong Kong, rev. edn. Hong Kong: Far East Publications.
12. Chou, W.L. and Wong, K.-Y. (1997), 'Economic Growth and International Trade: The Case of Hong Kong', paper presented at the conference on 'Dynamics, Economic Growth, and International Trade,' Hong Kong, 22-3 July 1997.
13. Conner, K.R. (1991), 'A Historical Comparison of Resource-based Theory and Five Schools of Thought Within Industrial Organization Economics', Journal of Management, 17, pp. 121-54.
14. Economic Reporter (1981), 'Hong Kong's Electronics Industry Moves Toward High Value Added Production', 16 Sept., pp. 19-20 (text in Chinese).
15. Economic Reporter (1990), 'A Profile of Young Industrialists', 5 March, p.6. (text in Chinese).
16. Enright, M., Scott, E. and Dodwell, D. (1997), Hong Kong Advantage Hong Kong: Oxford University Press.
17. Eriksen, B. and Mikkelsen, J. (1996), 'Competitive Advantage and the Concept of Core Competence', in N.J. Foss and C. Knudsen (eds), Toward A Competence Theory of the Firm. London: Routledge, pp.54-74.
18. Ernst, D. and O'Connor, D. (1989), Technology and Global Competition: The Challenge for Newly Industrializing Economies. Paris: OCED.
19. Foss, N.J. and Eriksen, B. (1995), 'Industry Capabilities and Competitive Advantage', in C.A. Montgomery (ed.), Resources in an Evolutionary Perspective: A Synthesis of Evolutionary and Resource-Based Approaches to Strategy. Dordrecht: Kluwer Academic.
20. Foss, N.J., Knudsen, C. and Montgomery, C.A. (1995), 'An Exploration of Common Ground: Integrating Evolutionary and Strategic Theories of the Firm', in Cynthia A. Montgomery (ed.), Resource-based and Evolutionary Theories of the Firm: Towards a Synthesis. Dordrecht: Kluwer Academic, pp. 1-18.
21. Harris, P. (1988), Hong Kong: A Study in Bureaucracy and Politics. Hong Kong: Macmillan.
22. Hayek, F.A. (1945), 'The Use of Knowledge in the Society', American Economic Review, Vol.35, pp.519-30, reprinted in F.A. Hayek (1947), Individualism and Economic Order. London: Routledge, pp.77-91.
23. Henderson, J. (1993), 'The Role of the State in the Economic Transformation of East Asia', in C. Dixon and D. Drakakis-Smith (eds), Economic and Social Development in Pacific Asia. London: Routledge, pp.85-114.
24. Ho, L.S. (2001), 'The Political Economy of Hong Kong SAR's Fiscal Policy', Discussion Paper No.105, Centre for Public Policy Studies, Lingnan University, August.
25. Ho, Y.P. (1992), Trade, Industrial Restructuring and Development in Hong Kong London: MacMillan.
26. Hobday, M. (1995), 'East Asian Latecomer Firms: Learning the Technology of Electronics', World Development, Vol.23, No.7, pp.1171-93.
27. Hong Kong Census and Statistics Department (2000), Hong Kong Annual Digest of Statistics. Hong Kong: Government Printers.
28. Hong Kong Government Secretariat (1963), Hong Kong Hansard. Hong Kong: Government Printer.
29. Hong Kong Yearbook (1999), (http://www.info.gov.hk/hkar99/eng, 25 June 2001).
30. Hughes, R. (1968), Hong Kong: Borrowed Time, Borrowed Place. London: Andre Deutsch.
31. Jacobson, R. (1992), 'The Austrian School of Strategy', Academy of Management Review, Vol.17, No.4, pp.782-807.
32. Khan, H.A. (1999), Corporate Governance of Family Businesses in Asia: What's Right and What's Wrong, Working Paper No.3. Tokyo: Asian Development Bank Institute, August.
33. King, F.H.H. (1990), 'Entrepreneurs of Hong Kong', Asian-Pacific Economic Literature, March pp.116-8.
34. King, Y.-C. (1987), 'The Transformation of Confucianism in Post-Confucian Era: The Emergence of Rationalistic Traditionalism in Hong Kong', Hong Kong Economic Journal Monthly, Nov. No.128, pp.54-62.
35. Kirzner, I.M. (1973), Competition and Entrepreneurship. Chicago, IL: University of Chicago Press.
36. Lam, D.K.-K. and Lee, I (1992), 'Guerrilla Capitalism and the Limits of Statist Theory: Comparing the Chinese NICs', in C. Clark and S. Chan (eds), The Evolving Pacific Basin in the Global Political Economy. London: Lynne Rienner, pp.107-24.
37. Langlois, R.N. (1986), 'Coherence and Flexibility: Social Institutions in a World of Radical Uncertainty', in I.M. Kirzner (ed.), Subjectivism, Intelligibility and Economic Understanding. New York: New York University Press.
38. Langlois, R.N., Yu, T.F.-L. and Roberston, P.L. (2002), Alternative Theories of the Firm, 3 vols. Cheltenham: Edward Elgar (The International Library of Critical Writings in Economics Series).
39. Lau, S.K. (1982), Society and Politics in Hong Kong. Hong Kong: The Chinese University of Hong Kong Press, pp.68-72.
40. Mises, L.V. (1949/1966), Human Action: A Treatise on Economics, 3rd edn. Chicago, IL: Contemporary Books.
41. North, D. (1981), Structure and Change in Economic History. New York: Norton.
42. Owen, N. (1971), 'Competition and Structural Change in Unconcentrated Industries', The Journal of Industrial Economics, Vol.XIX, pp. 133-47.
43. Pang, F.E. (1988), 'The Distinctive Features of Two City-states Development: Hong Kong and Singapore', in P. Berger and M. Hsiao (eds), In Search of An East Asian Development Model. New Brunswick, NJ: Transaction Books, pp.220-8.
44. Redding, S.G, (1988), 'The Role of the Entrepreneur in the New Asian Capitalism', in P. Berger and M. Hsaio (eds), In Search of an East Asian Development Model. New Brunswick, NJ.: Transaction Books, pp.99-111.
45. Redding, S.G. (1990), The Spirit of Chinese Capitalism. Berlin: de Gruyter
46. Riedel, J. (1974), The Industrialization of Hong Kong. Tübingen: J.C.B. Mohr (Paul Siebeck).
47. Rosenstein-Rodan, P.N. (1943), 'Problems of Industrialization in Eastern and South Eastern Europe', Economic Journal, Vol.53, June-Sept. pp.202-11.
48. Sako, M. (1992), Prices, Quality and Trust. New York: Cambridge University Press.
49. Silver, M. (1984), Enterprise and the Scope of the Firm. Oxford: Martin Robertson.
50. Sit, V. and Wong, S.-L. (1989), Small and Medium Industries in an Export-Oriented Economy: The Case of Hong Kong. University of Hong Kong: Centre of Asian Studies.
51. Siu, W.S. and Martin, R.G. (1992), 'Successful Entrepreneurship in Hong Kong', Long Range Planning, Vol.25, No.6, pp.87-93.
52. Soon, C. (1994), 'Government and Market in Economic Development', Asian Development Review, Vol. 12, No.2, pp. 144-65.
53. Sung, Y.-W. (1987), 'Flexibility and Hong Kong's Competitiveness', Hong Kong Economic Journal Monthly, Vol. 10, No. 119, pp.45-8 (text in Chinese).
54. Stiglitz, J.E. (1989), 'The Economic Role of the State: Efficiency and Effectiveness', in A. Heertje (ed.), The Economic Role of the State London: Basil Blackwell.
55. Stiglitz, J.E. (1996), 'Some Lessons from the East Asian Miracle', The World Bank Research Observer, Vol.11, No.2, Aug. pp.151-77.
56. Tsiang, S.C. and Wu, R.-I. (1985), 'Foreign Trade and Investment as Boosters for Takeoff: The Experiences of the Four Asian Newly Industrialising Countries', in W. Galenson (ed.), Foreign Trade and Investment: Economic Growth in the Newly Industrializing Asian Countries Madison, WI: University of Wisconsin Press.
57. Weber, M. (1947/1964), The Theory of Social and Economic Organization New York: The Free Press.
58. Wilson, J. (1991), 'Hong Kong Board Maker Sets Ambitious PC Goals', Electronics Business Asia, April, p.378.
59. Wong, S.-L. (1985), 'The Chinese Family Firm: A Model', British Journal of Sociology, Vol.36, No.1, pp.58-72.
60. Wong, S.-L. (1988), Emigrant Entrepreneurs: Shanghai Industrialists in Hong Kong. Hong Kong: Oxford University Press.
61. Wong, S.-L. (1991), 'Chinese Entrepreneurs and Business Trust', in H.G. Hamilton (ed.), Business Networks and Economic Development in East and Southeast Asia. Hong Kong: Centre of Asian Studies, University of Hong Kong, pp.13-29.
62. Woronoff, J. (1980), Hong Kong: Capitalist Paradise. Hong Kong: Heinemann Asia.
63. World Bank (1997), World Development Report: The State in a Changing World. Oxford: Oxford University Press.
64. Yeung, I.Y.M. and Tung, R.L. (1996), 'Achieving Business Success in Confucian Societies The Importance of Guanxi (Connections)', Organizational Dynamics, Autumn, pp.54-66.
65. Yeung, H.W.-chung (1998), Transnational Corporations and Business Network Hong Kong Firms in the ASEAN Region. London: Routledge.
66. Yu, T.F.-L. (1997), Entrepreneurship and Economic Development in Hong Kong. London: Routledge.
67. Yu, T.F.-L. (1999), 'Toward a Praxeological Theory of the Firm', Review of Austrian Economics, Vol.12, No.1, pp.25-41.
68. Yu, T.F.-L. (2000), 'A New Perspective on the Role of the Government in Economic Development: Coordination under Uncertainty', International Journal of Social Economics, Vol.27, No.7-10, pp.994-1013.