This paper sets up a trade theoretic model to explain the output, price and welfare consequences of the outward investment from Hong Kong to the Pearl River Delta. A four-good trade theoretic model is set up to incorporate some special features of the Hong Kong Economy. We assume that the...

This study aims to investigate the changing nature of trade and trade performance in Hong Kong and the long-run relations of trade/trade components with output growth. The industrial structural adjustment of the Hong Kong economy as fostered by the evolving nature of trade is also discussed....

Introduction It has been said that “the human resource is probably the last great cost that is relatively unmanaged”. Since this article was written in 1982, we are aware of the recognition for, and the implementation of, management and planning for this resource. The new emphasis on the...