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The Freest Market in the World - The Constitutional Logic of Economic Liberty in China's Hong Kong (Hardcover)
Loot Price: R3,673
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The Freest Market in the World - The Constitutional Logic of Economic Liberty in China's Hong Kong (Hardcover)
Series: Routledge Research in International Economic Law
Expected to ship within 12 - 17 working days
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On the 25th anniversary of the establishment of the Hong Kong
Special Administrative Region of the People's Republic of China,
this book presents the first monographic study of the Hong Kong
Basic Law as an economic document. The Basic Law codifies what
Gonzalo Villalta Puig and Eric C Ip call free market
constitutionalism, the logic of Hong Kong's economic liberty as the
freest market economy in the world. This book, which is the outcome
of several years of study with the financial support of the General
Research Fund of Hong Kong's Research Grants Council, evaluates the
public choice rationale of the Basic Law and its projection on the
Hong Kong economy, with a focus on the policy development of
economic liberty both internally and externally. In the academic
tradition of James M Buchanan's constitutional political economy,
the book opens with a conceptualisation of free market
constitutionalism in Hong Kong. It studies the origins of this
concept in the 19th-century classically liberal common law and how
it developed into a Hayekian laissez-faire convention under British
colonial rule, was codified into the Basic Law and is interpreted
and applied by the branches of the Government of the Region. The
book closes with remarks on the future of Hong Kong's free market
constitutionalism in face of recent challenges as the year 2047
approaches and the 50 years of 'unchanged' capitalist system under
the Basic Law come to an end. This book will appeal to students,
scholars and practitioners of law, economics, political science and
public administration. It will especially appeal to those with an
interest in Hong Kong law, international economic law or
comparative constitutional law.
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