Description

Book Synopsis
This DVD shows how the economic transformation of Hong Kong from a modest trading centre to a modern industrial and free-trade economy (prior to China's annexation) came about through a reliance on the market and economic liberty rather than on central planning through governmental direction. Great Britain established the crown colony of Hong Kong in 1841, just 65 years after the publication of 'The Wealth of Nations'. It was designated a free port from the start, with no duties or protective tariffs for its residents. This DVD takes an in-depth look at the economy of Hong Kong in its final days as a British colony. We see how it was transformed into a modern industrial economy solely by reliance on he invisible hand of the market. Seeing Hong Kong as a laboratory experiment that confirms Adam Smith's theories, the DVD outlines a proven strategy for the development of emerging economies and a powerful argument for a capitalist economy bolstered by balanced budgets, low tax rates, and a

HONG KONG DVD A Story of Human Freedom Progress

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    A Digital (on physical carrier) by Liberty Fund

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      Publisher: Liberty Fund Inc
      Publication Date: Publication Date: 01/07/2005
      ISBN13: 9780865976108, 978-0865976108
      ISBN10: 865976104
      Also in:
      Economics

      Description

      Book Synopsis
      This DVD shows how the economic transformation of Hong Kong from a modest trading centre to a modern industrial and free-trade economy (prior to China's annexation) came about through a reliance on the market and economic liberty rather than on central planning through governmental direction. Great Britain established the crown colony of Hong Kong in 1841, just 65 years after the publication of 'The Wealth of Nations'. It was designated a free port from the start, with no duties or protective tariffs for its residents. This DVD takes an in-depth look at the economy of Hong Kong in its final days as a British colony. We see how it was transformed into a modern industrial economy solely by reliance on he invisible hand of the market. Seeing Hong Kong as a laboratory experiment that confirms Adam Smith's theories, the DVD outlines a proven strategy for the development of emerging economies and a powerful argument for a capitalist economy bolstered by balanced budgets, low tax rates, and a

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