The purpose of this paper is to examine Hong Kong's future economic diversification prospects to become a high value‐added knowledge‐based economy.
This paper is a view of the knowledge‐based economic development of Hong Kong and its potential future prospects since its re‐unification with China. It is important to have a good understanding of the past before trying to predict the future.
The key message is that Hong Kong now needs a “horizontal” support structure, a good understanding of how things work in a globalized knowledge economy, continuation of the “free market” structure and a lightweight facilitation system that supports all high‐value added economic activities in Hong Kong.
The papers provides an original viewpoint on the potential for Hong Kong's knowledge‐based economic development, in line with the rise of China as a global economic power.
