Immigration, Economic Stability, and Strategic Decision-Making in Hong Kong

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This chapter delves into the challenges and management of immigration into Hong Kong, contrasting the ease of entry there during tumultuous times in China. It also explores the stability of economic policy in Hong Kong over a 50-year period and the strategic decision-making processes that influenced the region's development. Additionally, the chapter discusses the importance of data in economics, the challenges of measuring GDP accurately, and how strategic bureaucratic approaches can impact government intervention in the economy.

Neil Monnery, author of Architect of Prosperity, talks with EconTalk host Russ Roberts about his book--a biography of John Cowperthwaite, the man often credited with the economic success of Hong Kong. Monnery describes the policies that Cowperthwaite championed and the role they played in the evolution of Hong Kong's economy. How much those policies mattered is the focus of the conversation. Other topics include the relationship between Hong Kong and China and the irony of the challenges Hong Kong faced from U.S. and British protectionism.