Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 24 February 2020

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.

Keywords: Hong Kong, Asia, business systems, varieties of capitalism, institutions, hybrid capitalism, Chinese capitalism, laissez-faire, Pearl River Delta, finance

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.