Hong Kong as a complex adaptive system

Paul Ellis

Asia Pacific Business Review, 1999, vol. 6, issue 1, 33-55

Abstract: In this contribution, the post-war economic development of Hong Kong is considered from a complexity theory perspective. It is argued that over the last 50 years Hong Kong has displayed many of the signature qualities of a complex adaptive system in its transformation from dusty entrepot port to the secondwealthiest Asian economy. Insights from theories of complexity are used to shed light on a range of empirical phenomena. In contrast with the orthodox laissez faire account of Hong Kong's ascendancy, a complexity based explanation can be used to account for the presence of endogenously induced systemic disruptions and does not discount the role of external intervention in those areas of the economy prone to escalating feedback.

Date: 1999
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DOI: 10.1080/13602380012331289100

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