From minimal market intervention to proactive market
enabler: a review of Hong Kong Online publication date: Wed, 20-Aug-2003
by Yan Chong Chan
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 3, No. 3, 2003
Abstract: Hong Kong is well known for her free market economy and small and medium enterprises. This paper critically reviews and summarises the impact and effect on Hong Kong's economic growth of the Government's adoption of a minimum intervention policy, even before 1949. In particular, the author emphasises the emergence and growth of small and medium enterprises there as one of the significant consequences of the minimum intervention policy. The paper also discusses the switch of policy from a market economy to a proactive market enabler philosophy, taken by the Finance Secretary.
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