Protecting Free Trade: The Hong Kong Paradox (1947–1997) - Historical Analysis of Trade Policies & Economic Development | Research & Academic Study

Product Description

Protecting Free Trade traces the story of a paradox that both limited and stimulated Hong Kong's post-war economy. In order to preserve its com­mitment to open markets, Hong Kong was obligated by international agreements to accept restraints on its ex­ports; and in order to sustain its growth and development, Hong Kong had to subject its largest industry―textiles―to a massive network of restric­tions. The focus is on how Hong Kong handled, through negotiation, attempts by devel­oped economies to limit inter­national trade through protec­tive measures.