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Hong Kong SAR Economic Integration with the Pearl River Delta

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Author Info
Hongyi Chen
Olaf Unteroberdoerster
Abstract

Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides further investments in infrastructure, Hong Kong SAR's role as a producers services and finance hub will depend on frictionless movements of goods, services, people and know-how, requiring policy coordination to further promote trade and investment and developing a common human skills base with the PRD. Regional cooperation will also be needed to minimize the costs of rising levels of cross-border pollution.

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File URL: http://www.imf.org/external/pubs/ft/wp/2008/wp08273.pdf
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/273.

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Length: 29 pages
Date of creation: 08 Dec 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/273

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Related research
Keywords: Economic integration ; Hong Kong Special Administrative Region of China ; China; People's Republic of ; Financial sector ; Trade integration ; Investment policy ; Infrastructure ; Services sector ; Human capital ;

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  1. Cynthia Leung & Olaf Unteroberdoerster, 2008. "Hong Kong SAR as a Financial Center for Asia: Trends and Implications," IMF Working Papers 08/57, International Monetary Fund. [Downloadable!]
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This page was last updated on 2009-12-17.

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