{
  "title": "Hong Kong SAR Economic Integration with the Pearl River Delta",
  "publication": "IMF Working Papers, December 1, 2008",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD).\n- Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized.\n- 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.\n- Regional cooperation will also be needed to minimize the costs of rising levels of cross-border pollution."
    },
    {
      "heading": "Key themes and findings",
      "content": "- Integration locus: Pearl River Delta (PRD) is the primary area of Hong Kong SAR–Mainland economic integration.\n- Drivers of sustained benefits:\n  - Further investments in infrastructure.\n  - Frictionless movements of goods, services, people and know-how.\n  - Policy coordination to promote trade and investment.\n  - Development of a common human skills base with the PRD.\n- Costs to manage:\n  - Rising levels of cross-border pollution requiring regional cooperation."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Invest in infrastructure to support deeper integration.\n- Promote frictionless cross-border movements of goods, services, people, and know-how through coordinated policies.\n- Develop a common human skills base with the PRD to support Hong Kong SAR's role as a producers services and finance hub.\n- Enhance regional cooperation to minimize the costs associated with cross-border pollution."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Environment, Exports, Foreign direct investment, Labor, Trade in services\n- Keywords: division of labor, Hong Kong SAR, market capitalization, SAR company, WP\n\n---\n\n Content in this bundle\n\n- wp08273\n  - wp08273 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp08273 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/hong-kong-sar-economic-integration-with-the-pearl-river-delta-22524"
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    "Authors: Olaf Unteroberdoerster, Hongyi Chen",
    "Published: December 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451871319.001",
    "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.",
    "Integration locus: Pearl River Delta (PRD) is the primary area of Hong Kong SAR–Mainland economic integration.",
    "Drivers of sustained benefits:",
    "Costs to manage:",
    "Invest in infrastructure to support deeper integration.",
    "Promote frictionless cross-border movements of goods, services, people, and know-how through coordinated policies.",
    "Develop a common human skills base with the PRD to support Hong Kong SAR's role as a producers services and finance hub.",
    "Enhance regional cooperation to minimize the costs associated with cross-border pollution.",
    "Subject: Environment, Exports, Foreign direct investment, Labor, Trade in services",
    "Keywords: division of labor, Hong Kong SAR, market capitalization, SAR company, WP",
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