VOX article

VOX, the CEPR policy portal, carries an article today about Hong Kong entitled “Hong Kong: A two-stage economic experiment.”

In it Neil Monnery highlights how post-war Hong Kong has delivered one of the most dramatic improvements in living standards in history. He assesses the contribution of one key official – finance minister Sir John Cowperthwaite – whose laissez-faire approach of ‘positive non-interventionism’, much admired by Milton Friedman, underpinned that success.

It also explores, 20 years on from the handover to China, whether a second stage of the Hong Kong economic experiment might be in progress, perhaps leading to faltering freedom and faltering growth.


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