This article is about Hong Kong’s economic diversification and its prospect to become a Knowledge-based Economy that has the capacity to support all high value-added economic activities. This paper looks into Hong Kong’s economic development since the early 1900s, its rise to become one of the four "Asian Dragons" in the 1950s to the1970s, its changing and now gradually diminishing role since China’s "Reform and Opening". It takes the view that Hong Kong does not have much of a choice other than to follow the examples of the OECD countries and transform itself into a Knowledge-based Economy. Hong Kong still has an opportunity to redefine it roles in the context of China’s development. Hong Kong can still play a unique role in bridging international companies to "Go In" China and Chinese companies to "Go Out". However, we need to have a good understanding of the past and make best use of our very unique advantages before we could map our future. The key message is "Innovation and Technology" is not a narrowly defined "vertical" industrial sector. Hong Kong needs to learn from the OECD Countries and adopt a "horizontal" support structure to economic development. Hong Kong also needs to understand why "rule of law", "freedom of information", "freedom of the press" and continuation of the "free market" structure must remain the foundation of Hong Kong’s development. The HKSAR Government could also speed up Hong Kong’s economic transformation by providing a light weight facilitation system that supports to all high value-added economic activities in Hong Kong. This papers provides an original viewpoint on the potential for Hong Kong’s knowledge-based economic development in the context of the rise of China as a global economic power.
Related Content
Education hubs and talent development: policymaking and implementation challenges
The discourse on the internationalization of higher education emphasizes revenue generation while neglecting other diverse rationales pursued by governments and institutions. For countries that are seeking to venture into a knowledge economy or accrue greater competitive advantages under globaliz...


Assessing and Supporting Argumentation with Online Rubrics
Writing and assessing arguments are important skills and there is evidence that using rubrics to assess the arguments of others can help students write better arguments. Thus, this study investigated whether students were able to write better arguments after using rubrics to assess the written ar...
Replanting the Flower in Different Soil? A Critical Analysis of Education Borrowing in Hong Kong
This paper critically analyses the impact the New Senior Secondary (NSS) has had on HongKong through Phillips and Ochs’ four-stage model of policy borrowing in education. It arguesthat the Hong Kong government overlooked the fundamental contextual differences betweenthe two curricula, and that ...


Predicting teachers' intentions to implement school-based assessment using the theory of planned behaviour
The theory of planned behaviour (TPB) was used to explore the Hong Kong teachers' intentions to implement school-based assessment (SBA) and the predictors of those intentions. A total of 280 teachers from Hong Kong secondary schools who had been involved in SBA were surveyed. Rasch-calibrated tea...
Hong kong grade 6 students’ performance and mathematical reasoning in decimals tasks: procedurally based or conceptually based?
Most studies of students’ understanding of decimals have been conducted within Western cultural settings. The broad aim of the present research was to gain insight into Chinese Hong Kong grade 6 students’ general performance on a variety of decimals tasks. More specifically, the study aimed t...

Using posting templates for enhancing students' argumentative elaborations in computer-supported collaborative inquiry learning
Learning Villages (LV) is a computer-supported collaborative inquiry learning (CSCIL) platform, which facilitates students' issue-based discussion in a massively multiplayer online role-play gaming (MMORPG) environment to attain the goal of argumentative knowledge construction. Regarding argument...
‘As a student, I do think that the learning effectiveness of electronic portfolios depends, to quite a large extent, on the attitude of students!’
Lynch and Purnawarman (2004:50) point out that ‘a solid electronic portfolio can show reflection, evolution of thought and overall professional development’. Research shows that electronic portfolio assessment, if implemented thoughtfully, can successfully engage learners in critical thinking...

Am I their cup of tea? Vice-principals’ perception of suitability for principalship
This paper attempts to address the principal shortage issue from the concept of fit perceived by job applicants. It links vice-principals’ perception of suitability for principalship to their conception of how well they can match with the selection criteria set out by school hiring bodies. Base...
Chinese language teachers' perception and implementation of self-regulated learning-based instruction
The study aimed to explore Chinese language teachers' perception and implementation of instruction based on self-regulated learning (SRL) in a researcher–teacher collaborative project. The participants were 31 teachers and their 10th grade students, from six secondary schools in Hong Kong. The ...

Teachers’ and Students’ Conceptions of Good Science Teaching
Capitalizing on the comments made by teachers on videos of exemplary science teaching, a video-based survey instrument on the topic of ‘Density’ was developed and used to investigate the conceptions of good science teaching held by 110 teachers and 4,024 year 7 students in Hong Kong. Six dime...