Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/4049
Title: The transfer of property rights from the public to the private sector in Hong Kong: A critical assessment
Authors: Mushkat, M
Mushkat, R
Keywords: Privatization;Liberalization;Competition;Ownership;Divestiture;Efficiency;Distributive justice;Macroeconomic stabilization;Public choice
Issue Date: 2006
Publisher: Taylor & Francis
Citation: Global Economic Review. 35, 445-461
Abstract: The privatization idea may have lost some of its luster in recent years, but it remains relevant in today’s socio-economic environment and is pursued consistently in industrialized and industrializing countries alike. Hong Kong has followed the general pattern in a manner reflecting its particular circumstances and its institutional modus operandi. The underlying logic may not appear highly compelling, from a short-term perspective, yet there are sound grounds for approaching the task positively, if viewed from a multi-year standpoint. Rather surprisingly, for such a quintessentially capitalist society, Hong Kong has not confronted the privatization challenge astutely on the political front and has handled it somewhat mechanically in managerial terms. The benefits to the community may have thus been more modest than one could legitimately expect, given the historical backdrop.
URI: http://bura.brunel.ac.uk/handle/2438/4049
Appears in Collections:Law
Brunel Law School Research Papers

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