This DVD shows how the economic transformation of Hong Kong from a
modest trading centre to a modern industrial and free-trade economy
(prior to China's annexation) came about through a reliance on the
market and economic liberty rather than on central planning through
governmental direction. Great Britain established the crown colony
of Hong Kong in 1841, just 65 years after the publication of "The
Wealth of Nations". It was designated a free port from the start,
with no duties or protective tariffs for its residents. This DVD
takes an in-depth look at the economy of Hong Kong in its final
days as a British colony. We see how it was transformed into a
modern industrial economy solely by reliance on he invisible hand
of the market. Seeing Hong Kong as a laboratory experiment that
confirms Adam Smith's theories, the DVD outlines a proven strategy
for the development of emerging economies and a powerful argument
for a capitalist economy bolstered by balanced budgets, low tax
rates, and avoidance of government borrowing.
General
Imprint: |
Liberty Fund
|
Country of origin: |
United States |
Release date: |
1980 |
First published: |
July 2005 |
Editors: |
Liberty Fund
|
Dimensions: |
225 x 156 x 16mm (L x W x T) |
Format: |
Digital
|
Pages: |
28 |
ISBN-13: |
978-0-86597-610-8 |
Categories: |
Books >
Business & Economics >
Economics >
General
DVD
|
LSN: |
0-86597-610-4 |
Barcode: |
9780865976108 |
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