Focusing on trade in manufactures, industrial restructuring and economic development and enforced by a rich source of data, this book offers an in-depth examination of the evolution and characteristics of Hong Kong's postwar economy. The book presents an historical and comparative perspective and analyses the symbiotic connection with South China in the light of China's open-door policy since late 1970s, as well providing a thoughtful assessment of its current turning point.

List of Tables - Preface - List of Abbreviations - Introduction - Growth Experience and Structural Changes - External Orientation and Patterns of Trade - Comparative Advantage in Trade in Manufactures - Labour and Labour Market Adjustment - Small-Scale Enterprises in the Process of Industrial Development - Inward Investment in the Course of Industrial Development - Industrial Restructuring: Issues, Past Efforts and Problems - Public Finance and Public Policy for New Development Needs - The China Factor and Economic Future of Hong Kong - Conclusion - Notes - Bibliography - Index