I find it intriguing that people are so deeply concerned about Hong Kong's economy ('Public satisfaction with economy hits new low', July 3), even though the University of Hong Kong has forecast a 5 per cent growth of gross domestic product for the second half of the yeaSunday, 13 July, 2008, 12:00am
Hong Kong - once considered the world's most competitive economy - has dropped to third place.
According to the World Economic Forum, the SAR's strong currency, inflexible wages and weakening government finances are to blame for the slip.
Every year the forum, which is based in Geneva, Switzerland, announces a ranking of the most competitive economies.26 Jul 1999 - 12:00am
Hong Kong has been pushed from second to third place by the United States in the World Economic Forum's annual ranking of the most competitive economies.
A strong currency, inflexible wages and worsening Government finances were behind the downgrade.
However, the report by the Geneva-based body said the SAR's long-term conditions for growth were unchanged.14 Jul 1999 - 12:00am
Before the recent economic crisis hit Asia, many of its political leaders and businessmen were extolling 'Asian values' and the superiority of Confucian ethics over the value systems of the West. Now that these leaders have been exposed as practitioners of 'bubble economics', we can study their claims of superiority with more clarity and objectivity.7 Oct 1998 - 12:00am
THE creation of the right social and business framework by Asian governments has led to their economies becoming more competitive, says the World Economic Competitiveness Report.
A strong government and domestic economy as well as a move towards higher technology were the dominant factors cited by the report as increasing the competitiveness of Asian countries.7 Sep 1994 - 12:00am
IT has long been conventional wisdom among US economists that the phenomenal success of East Asia's ''little dragons'' - Taiwan, Hong Kong, Singapore, South Korea - affirms the free market gospel.9 Dec 1993 - 12:00am