Hong Kong’s metamorphosis from an entrepot to an industrial economy during the past quarter of a century gives a good example of how a developing country can achieve remarkable growth through international trade.

This paper provides a detailed account of Hong Kong on the eve of its reintegration into China as a special administrative region. It analyzes recent economic development and provides a clear overview of Hong Kong's economic, financial, institutional, and political circumstances, as well a brief...

This paper analyzes the effects of land market restrictions on structural change from agriculture to non-farm in a rural economy. This paper develops a theoretical model that focuses on higher migration costs due to restrictions on alienability, and identifies the possibility of a reverse...

This paper analyzes the effects of land market restrictions on structural change from agriculture to non-agriculture in a rural economy. We develop a theoretical model that focuses on higher migration costs due to restrictions on alienability, and identifies the possibility of a reverse...