Territory in southeast China, ruled since 1997 by the Zhōnghuá Rénmín Gònghéguó Xiānggǎng Tèbié Xíngzhèngqū
See also:
  • FreedomPedia
  • Hong Kong (Chinese: 香港; literally: "Fragrant Harbour" or "Incense Harbour"), officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory on the Pearl River Delta in East Asia. The mainland Chinese province of Guangdong borders the territory to the north. With a total land area of 1,106 square kilometres and a population of over 7.3 million of various nationalities, it ranks as the world's fourth most densely populated sovereign state or territory.

    Measures of Freedom

    Hong Kong | Freedom House, Freedom in the World 2016
    2016: Status: Partly Free, Aggregate Score: 63, Political Rights: 5, Civil Liberties: 2
    "A political standoff over the degree of autonomy and democratic rule in Hong Kong remained unresolved in 2015. In a decision the previous year, the Standing Committee of China's National People's Congress (NPC) had authorized the self-governing territory to hold a direct popular vote for its chief executive for the first time in 2017, but an effectively pro-Beijing committee would control nominations for the contest."
    Human Freedom Index [PDF], The Human Freedom Index 2016
    2014: 9.06, Rank: 1, Personal Freedom: 9.08, Economic Freedom: 9.03, Democracy Index: 5.73
    Level of Economic Freedom, Economic Freedom of the World
    2014: 9.03, Rank: 1

    Articles

    A Free-Market Constitution for Hong Kong: A Blueprint for China [PDF], by Alvin Rabushka, Cato Journal, 1989
    Discusses the draft of the Basic Law of the Hong Kong Special Administrative Region, expected to be promulgated in 1990 (actually adopted 4 April 1990 and went into effect 1 July 1997), as a "free-market constitution"
    "Founded as a free port in 1841, Hong Kong has an economy today that depends on export-oriented light manufacturing industries along with a myriad of servicing industries within a free-port, free-enterprise environment. Highly developed banking, insurance, and shipping systems complement its industrial sector. ... In short, free trade, free markets, low taxes, nonintervention, and personal liberty are the hallmarks of Hong Kong's economic success."
    Book Review: Red Flag Over Hong Kong, by Richard M. Ebeling, Future of Freedom, Jan 1997
    Revew of Red Flag Over Hong Kong by Bruce Bueno de Mesquita, David Newman, and Alvin Rabushka, 1996, which discusses the then potential effects of the handover of Hong Kong to China
    "What has made Hong Kong the free and prosperous place that it is, the authors argue, has been individual rights; rule of law; private property; a very free market in all production, commerce and trade; low and nondiscriminatory taxes; and a high degree of confidence that freedom and free enterprise would be protected and respected. This has been in stark contrast to China's history and present practices."
    Related Topic: China
    Hong Kong's Legacy, by James A. Dorn, The Journal of Commerce, 1 Jul 1999
    Discusses the potential results of Hong Kong moving away from "its policy of laissez-faire capitalism" such as intervening in support of stock prices versus the effects of Hong Kong influencing mainland China towards a freer and more prosperous economy
    "Hong Kong's third year as a Special Administrative Region of China begins today. ... Hong Kong cannot afford to allow corruption to creep into its institutional infrastructure if it wants to preserve its legacy as the crown jewel of market liberalism. The principle of non-intervention that has served the former colony so well — as Sir John Cowperthwaite, financial secretary from 1961 to 1971, constantly reminded Hong Kong's Legislative Council — must not give way to pressures for a 'third way.' "
    Related Topics: China, Democracy, Rule of Law
    Interview with Adam Smith [via Edwin West], by Edwin George West, The Region, The Region, Jun 1994
    Professor Edwin G. West stands in for Adam Smith and answers questions from the Federal Reserve Bank of Minneapolis banking and policy issues magazine
    "One Asian country, in fact, comes much closer to my ideal market economy than does modern America. Hong Kong has had considerably more economic freedom than the United States since the 1950s. There have been no tariffs and no import or export quotas except those such as textile export quotas forced upon Hong Kong by US protectionists. ... Taxes in Hong Kong have ranged between 10 percent and 20 percent of the national income, which is very much lower than in the United States ..."
    Liberty's Gilded Door, The Wall Street Journal, 11 Mar 1992
    Editorial condemning Hong Kong's actions preventing Vietnamese refugees from taking asylum there and mostly inaction by the George H. W. Bush administration
    "Hong Kong's administration calls it a success to have finally deterred Vietnamese boat people from seeking asylum in the British Crown Colony. Hong Kong's authorities announced proudly that for the first time in seven years, the number of new Vietnamese refugee arrivals in Hong Kong dropped to zero. ... It is pathetic to see Hong Kong officials congratulating themselves that they have succeeded in broadcasting the message that Hong Kong will no longer serve as a haven of liberty in Asia."
    Related Topics: Statue of Liberty, Vietnam
    What Beijing needs to learn from Hong Kong, by James A. Dorn, South China Morning Post, 26 Sep 2003
    Discusses China's recent progress in economic liberalisation and the need for further reform, particularly in protecting private property
    "Moreover, Hong Kong's demand for limiting the reach of the Chinese government, as witnessed by the mass demonstrations against the proposed anti-subversion law, is a sign that Hong Kong's quest for political freedom may spread to the mainland. ... Hong Kong has taught us that economic liberalism is a catalyst for peace and prosperity. We must continue to advocate it, but also remember that economic reform is not enough."
    Related Topics: China, Property Rights

    Videos

    Free Trade vs. Protectionism, by Donald J. Boudreaux, 31 Aug 2011
    Defines free trade and protectionism, the use of tariffs to implement the latter, and gives Hong Kong and the United States as examples of the benefits of free trade
    "The greatest example [of free trade] is Hong Kong. Hong Kong has virtually no natural resources; I think feldspar is the chief natural resource of Hong Kong. And Hong Kong is one of the world's most wealthy places. And the reason Hong Kong is wealthy is because for years Hong Kong has had a policy of pretty much unilateral free trade. It has a deep water port, and it allows its citizens to buy, on whatever terms its citizens want to buy, goods and services from wherever else in the world they want to buy those goods and services. As a result, Hong Kong is very, very rich."

    The introductory paragraph uses material from a Wikipedia article, which is released under the Creative Commons Attribution-Share-Alike License 3.0.