A balanced analysis of a sensitive subject: Hong Kong's future prospects.

Focusing on the period since the handover of power to China, this book examines the origins and evolution of Hong Kong’s political system. Considering the prospects and problems of achieving liberal democracy within the communist Chinese state system, it provides useful insights into the meaning of central concepts in democratic political theory.

Analyses the complexity of the economic, political and cultural transformation of the Hong Kong-Guangdong link, and focuses on the dynamics of the integration process between the two territories.

Hong Kong's expanding export-import trade and importance as a capital market have made it one of the major economic centers of Asia, second only to Tokyo. Consequently, the reversion of this previously capitalist city to the People's Republic of China ten years from now will have serious ramifications for the Western financial world. There is much speculation concerning the impact of communist control of the three principal factors which have contributed to Hong Kong's current standing: its political and social stability, economic reform, and the British legal system.

This Third Edition of the classic, introductory text on Hong Kong's business and investment environment is essential reading for anyone seeking to understand how and why the territory's free-market system works in the 1990s. Interdisciplinary in its approach, the book provides a comprehensive guide to the economic, financial, legal, political, and social underpinnings of Hong Kong's rapidly shifting business landscape. Featuring the best elements and distinctive traits of the previous editions, this new text further probes the fascinating question of Hong Kong's future economic role and incorporates the most up-to-date developments and issues surrounding the transfer to Chinese sovereignty in 1997. The authors examine the impact on business conditions of imminent Chinese government rule and outline institutional and structural reforms that will help sustain Hong Kong's position as a major world business centre.

SIGNIFICANT ISSUES SERIES papers are written for and published by the Center for Strategic and International Studies. The series will present the insights of prominent East Asian analysts and draw conclusions about complementarities or divergences that may exist. Those insights, in tum, will serve in the aggregate as the basis for a richer, cross-

Explores Hong Kong's history and culture in detail, profiling the powers behind Hong Kong's business and political worlds.