Business Integration across the Hong Kong-Chinese Border: Patterns and Explanations in the Garment Industry

Edmund R. Thompson

Chapter 16 in Asia-Pacific Transitions, 2001, pp 224-238 from Palgrave Macmillan

Abstract: Abstract The service sector of the Hong Kong Special Administrative Region now generates over 85 per cent of its gross domestic product (GDP), while manufacturing generates less than 10 per cent (Hong Kong Government, Census and Statistics Department). This is the highest ratio of services to manufacturing in any advanced economy in the world, with the next most service-intensive major economy being the United States, whose GDP comprises 75 per cent services and 20 per cent manufacturing. Singapore, in some respects a reasonably comparable economy to Hong Kong, has a GDP made up of just 63 per cent services with still nearly 30 per cent manufacturing (Economist 1998). Between 1991 and 1995 alone, the proportion of manufacturing in Hong Kong’s economy dropped by over 40 per cent (Hong Kong Government, Census and Statistics Department).

Date: 2001
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DOI: 10.1057/9780230628458_16

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