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HONG KONG'S INDUSTRIAL STRUCTURE AND GROWTH OF ADVANCED BUSINESS SERVICES
Author(s) -
KNAAP BERT VAN DER,
SMITS GERTJAN
Publication year - 1997
Publication title -
tijdschrift voor economische en sociale geografie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 55
eISSN - 1467-9663
pISSN - 0040-747X
DOI - 10.1111/j.1467-9663.1997.tb01579.x
Subject(s) - service economy , business , tertiary sector of the economy , economy , service (business) , dual economy , quaternary sector of the economy , industrialization of services business model , business model , economic growth , economics , post industrial economy , electronic business , marketing , business relationship management
Abstract As in most advanced economies, in Hong Kong the services sector has become the most important economic activity. Since the Second World War Hong Kong has restructured itself twice: first from an entrepot harbour to a full‐fledged industrial economy, and second from an industrial economy to a service economy. The emphasis in this article is on this second change in the Hong Kong economy, notably on the advanced business services and its developments. Hong Kong's dual economy is based on its traditional harbour and emerging new services activities. At present, the services sector, and specifically the advanced business services therein, has become Hong Kong's fastest growing industry.