It is often maintained, with reference to the increasing competition from newly industrialising countries, that Western support for the development of LDCs' economies would only amount to supplying the rope with which one will later be hanged. Our author argues that, contrary to that opinion,...

The island's rapid industrialisation over the past decade and its development as the main trade and financial centre of South-East Asia, supported by a phenomenal growth in tourism, constitute yet another Asian economic miracle.

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.