A reapraisal of the capital goods sector in Hong Kong the case for free trade
Reaction to Fransman (1982) who examined the capital goods sector in Hongkong and came to the conclusion that it needed special protection by the government. Statistical evidence is provided indicating that the capital goods sector is prospering. Fransman's case for infant industry protection i...
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Veröffentlicht in: | World development |
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Format: | UnknownFormat |
Sprache: | eng |
Veröffentlicht: |
1985
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Zusammenfassung: | Reaction to Fransman (1982) who examined the capital goods sector in Hongkong and came to the conclusion that it needed special protection by the government. Statistical evidence is provided indicating that the capital goods sector is prospering. Fransman's case for infant industry protection is further weakened by consideration of the nature of the particular industrial structure of Hongkong and the quality of the social relations that prevail between entrepreneurs. It is argued that the costs of singling out the capital goods sector for special treatment are likely to be high, while the theoretical benefits from externalities are liable to be illusory in a small economy. (Economische Voorlichtingsdienst) |
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Beschreibung: | über: Fransman, M.: Learning and the capital goods sector under free trade. The case of Hong Kong. in obiger Zs. 10. 1982, 11 |
ISSN: | 0305-750X |