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Manufacturing for a Post-Manufacturing City

In: Innovation Policy and the Limits of Laissez-faire

Author

Listed:
  • Eric Thun

    (Oxford University)

Abstract

There was a time when Hong Kong was associated with cheap manufactured goods such as toys, low-end electronics, and garments, but this was well over two decades ago. In the last two decades, Hong Kong has undergone a remarkable transformation. The factories moved north when rising costs in Hong Kong made manufacturing uncompetitive, and the territory became a high-end service center dominated by gleaming office towers and shopping malls. Although the transformation of Hong Kong has been remarkably successful, the ever increasing capabilities within Mainland China create the potential that the competitive advantage of Hong Kong will decline over time.

Suggested Citation

  • Eric Thun, 2010. "Manufacturing for a Post-Manufacturing City," Palgrave Macmillan Books, in: Douglas B. Fuller (ed.), Innovation Policy and the Limits of Laissez-faire, chapter 8, pages 198-220, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30411-6_9
    DOI: 10.1057/9780230304116_9
    as

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