NO one really knows what makes the economic environment of Hongkong so hospitable, but everyone has a pet theory.
I believe a large part of the secret has to do with the free and easy flow of information and ideas that exist in Hongkong.
The liberal polices of the Hongkong Government have made Hongkong the media capital of Asia.
This is why I am disturbed by the recent announcement by the Postmaster General regarding a proposed postal increase for the territory (South China Morning Post, March 31).
Increasing the cost of delivering newspapers and periodicals through the mail inhibits this free flow of information. It also provides an unfortunate precedent for any future government of Hongkong seeking to restrict the reach of an independent media.
However, I sympathise with Mr Pagliari's wish to run the postal service more efficiently and eliminate the need to cross-subsidise services.