- Preface and Acknowledgements
- List of Figures
- List of Tables
- China: Authoritarian Capitalism
- Hong Kong: Hybrid Capitalism as Catalyst
- India: From Failed Developmental State Towards Hybrid Market Capitalism
- Indonesia: Oligarchic Capitalism
- Japan: Coordinated Capitalism Between Institutional Change and Structural Inertia
- Laos: Frontier Capitalism
- Malaysia: Personal Capitalism
- The Philippines: Inequality–Trapped Capitalism
- Singapore: Open State-Led Capitalism
- South Korea: Plutocratic State-Led Capitalism Reconfiguring
- Taiwan: Sme-Oriented Capitalism in Transition
- Thailand: Post-Developmentalist Capitalism
- Vietnam: Post-State Capitalism
- Business Groups in Asia: An Institutional Perspective
- Corporate Governance and Business Systems in Asia
- Culture and the Business Systems of Asia
- Employment Relations and Human Resource Management in Asia: Explaining Patterns in Asian Societies
- Financial Systems in Asia: Where Politics Meets Development
- MNEs in Asian Business Systems
- National R&D Systems and Technology Development in Asia
- The Co-evolution of Global Sourcing of Business Support Functions and the Economic Development of Asian Emerging Economies
- Social Capital in Asia: Its Dual Nature and Function
- The Role of the State in Asian Business Systems
- A Survey of Strategic Behaviour and Firm Performance in Asia
- Pictures of the Past: Historical Influences in Contemporary Asian Business Systems
- Beyond Production: Changing Dynamics of Asian Business Groups
- Change and Continuity in East Asian Business Systems
- Asian Business Systems: Implications and Perspectives for Comparative Business Systems and Varieties of Capitalism Research
- Asian Business Systems: Implications for Managerial Practice
Abstract and Keywords
This article provides an overview of the institutional structure of the laissez-faire business system of Hong Kong, related as it is to the evolution of the Pearl River Delta as an economic power-house Hong Kong has achieved unusual success in its institutions and economic progress. It is now a world centre for industrial finance, and has adapted its economy o the opening of China, transiting historically from trading to manufacturing and more recently to skilled services. Now closely intertwined with the economy of China, it acts as a form of hybrid capitalism combining global forms of administration and finance, and Chinese forms of enterprise. Seen often as a model for development, its further evolution is increasingly dependent on the capacity and political willingness of China to continue its own trajectory of adaptiveness of the last three decades. This article contributes directly to the business systems and varieties of capitalism literature, and especially that of Chinese capitalism, and identifies institutional contingencies for comparative and international social science research in general.
Gordon Redding is a professor of Asian Business and Comparative Management at INSEAD, Singapore, Professor Emeritus of Management Studies, University of Hong Kong and the Secretary General of the Head Foundation, Singapore.
Gilbert Y. Y. Wong is an Associate Professor at the School of Business at the University of Hong Kong, Hong Kong.
William K. W. Leung is the Founding Partner of William KW Leung & Co., Solicitors, Hong Kong.
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