Hong Kong SAR Economic Integration with the Pearl River Delta

Author/Editor: Chen, Hongyi ; Unteroberdoerster, Olaf
Publication Date: December 01, 2008
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides further investments in infrastructure, Hong Kong SAR's role as a producers services and finance hub will depend on frictionless movements of goods, services, people and know-how, requiring policy coordination to further promote trade and investment and developing a common human skills base with the PRD. Regional cooperation will also be needed to minimize the costs of rising levels of cross-border pollution.
Series: Working Paper No. 08/273
Subject(s): Economic integration | Hong Kong Special Administrative Region of China | China, People's Republic of | Financial sector | Trade integration | Investment policy | Infrastructure | Services sector | Human capital

Author's Keyword(s): Economic integration | trade | investment | producer services | financial integration | global supply-chain management | cross-border pollution
Publication Date: December 01, 2008
Format: Paper
Stock No: WPIEA2008273 Pages: 29
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