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Hong Kong: From an Industrialised City to a Centre of Manufacturing-related Services

Author

Listed:
  • Zhigang Tao

    (School of Business, The University of Hong Kong, Pokfulam Road, Hong Kong, ztao@hku.hk)

  • Y. C. Richard Wong

    (Faculty of Business and Economics, The University of Hong Kong, Pokfulam Road, Hong Kong, director@business.hku.hk)

Abstract

Significant transformation of economic activities has taken place in Hong Kong in the past two decades. Hong Kong's manufacturing industry has declined substantially relative to its service industry, in terms of employment and of contribution to GDP. Hong Kong has emerged as a centre of services, mainly manufacturing-related producer services. While growth of producer services is expected in most advanced economies, Hong Kong's transformation from an industrialised city to a centre of manufacturing-related services has been dramatically speeded up by the opening-up of the mainland Chinese economy in the past two decades. In addition to its relocation of manufacturing to mainland China, Hong Kong has played an increasingly important role as an intermediary for trade between mainland China and the world market.

Suggested Citation

  • Zhigang Tao & Y. C. Richard Wong, 2002. "Hong Kong: From an Industrialised City to a Centre of Manufacturing-related Services," Urban Studies, Urban Studies Journal Limited, vol. 39(12), pages 2345-2358, November.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:12:p:2345-2358
    DOI: 10.1080/0042098022000033917
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    References listed on IDEAS

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    1. John McLaren, 2000. ""Globalization" and Vertical Structure," American Economic Review, American Economic Association, vol. 90(5), pages 1239-1254, December.
    2. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64, National Bureau of Economic Research, Inc.
    3. Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 641-680.
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    Cited by:

    1. M. Pacione, 2011. "Introduction: Urban Growth Patterns – Trends and Policy Issues," Chapters, in: H. S. Geyer (ed.), International Handbook of Urban Policy, Volume 3, chapter 1, Edward Elgar Publishing.
    2. Wei Li & Desheng Xue & Xu Huang, 2018. "The Role of Manufacturing in Sustainable Economic Development: A Case of Guangzhou, China," Sustainability, MDPI, vol. 10(9), pages 1-17, August.
    3. Wai-Ming To & Peter K. C. Lee, 2017. "Energy Consumption and Economic Development in Hong Kong, China," Energies, MDPI, vol. 10(11), pages 1-13, November.
    4. Ho, Chun-Yu & Siu, Kam Wing, 2007. "A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation," Energy Policy, Elsevier, vol. 35(4), pages 2507-2513, April.
    5. Mathew Y. H. Wong, 2021. "Chinese imports and income inequality: evidence from six East Asian economies," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(1), pages 120-133, May.
    6. Kim-ming Lee & Hung Wong & Kam-yee Law, 2007. "Social Polarisation and Poverty in the Global City," China Report, , vol. 43(1), pages 1-30, January.
    7. Stephen W. K. Chiu & Tai-lok Lui, 2004. "Testing the Global City-Social Polarisation Thesis: Hong Kong since the 1990s," Urban Studies, Urban Studies Journal Limited, vol. 41(10), pages 1863-1888, September.
    8. Yeung Horace & Huang Flora Xiao, 2012. "Law and Finance: What Matters? Hong Kong as a Test Case," Asian Journal of Law and Economics, De Gruyter, vol. 3(1), pages 1-30, April.
    9. Michael D. Clemes & Baiding Hu & Xuedong Li, 2016. "Services and economic growth in China: an empirical analysis," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(4), pages 612-627, October.
    10. Monkkonen, Paavo & Wong, Kelvin & Begley, Jaclene, 2012. "Economic restructuring, urban growth, and short-term trading: The spatial dynamics of the Hong Kong housing market, 1992–2008," Regional Science and Urban Economics, Elsevier, vol. 42(3), pages 396-406.
    11. Lui, Tai-lok, 2021. "From an industrializing city to a global city: Hong Kong economic sociology's changing agenda," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 23(1), pages 23-27.

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