The Economic and Governance Evolution of Hong Kong

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The chapter explores the historical transition of Hong Kong from a British colony to Chinese rule, discussing the governance structure and economic development post-World War II. It highlights the role of entrepreneurs in shaping industries and the challenges faced by Hong Kong due to quotas on exports imposed by the US and UK. The chapter also sheds light on the government's intervention in different sectors and the tax system, emphasizing limited involvement in social services.

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.