This text opens with a discussion of the nature, causes and consequences of the Asian Financial Crisis (AFC). It examines the impact the AFC had as well as offers answers for the questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery?

The prolonged post-Asian Financial Crisis economic recession in Hong Kong requires a new analysis. By looking at the economic performance since the 1980s, this book focuses on analysing the macroeconomic intricacies facing the Hong Kong economy. The economic boom in the pre-Asian Financial...