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Evolution of Hong Kong's electronics industry under a passive industrial policy
Author(s) -
Tuan Chyau,
Ng Linda F. Y.
Publication year - 1995
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090160503
Subject(s) - industrial policy , product (mathematics) , production (economics) , electronics , industrial organization , public policy , business , economics , economy , international trade , economic growth , engineering , geometry , mathematics , electrical engineering , macroeconomics
Abstract A different version of industrial policy from those of other Asian newly industrialized economies, limited public participation in R&D activities within the business sector in promoting specific industries in particular, has directed the evolution of Hong Kong's electronics industry along a distinct path. Being predominated by smaller manufacturers, the electronics industry showed great differences in technology attainment, product development, production strategies, and export structure and composition under the influence of a passive industrial policy. The timely opening of the Chinese economy in the late 1970s and the absence of a national identity had provided justification for such a policy.