HIS385H1 Lecture Notes - Lecture 9: Kwai Tsing Container Terminals, Fiscal Conservatism, Outsourcing
Document Summary
Military govt. , 1945 -> civilian govt. , 1946+ Hk government"s new attitude, post-ww2: defeat: legitimacy questioned, decolonization: peaked, 1945-55 (malaysia, indonesia, vietnam, consequences. Political localization, more chinese people on the colonial bureaucracy. Post-occupation economy: postwar recovery: entrepot boom, 1945-50, korean war, 1950-53. China de-linking with world: entrepot trade decreased in 1950, 2 common strategies for industrialization. Plastics: economic take-off, 1950+ , recovering hk dollar. Full industrialization, 1960s: manufacturing as largest number, developing new markets, outsourcing to hk, 1960s-1970s, electronics, garments, printing. Pre-ww2 fiscal conservatism: john j. cowperthwaite, financial secretary (1961-1971, positive non-intervention: intervening minimally but strategically (identify key areas of. Hk society that would be important for economy to grow: government: regulations + infrastructures, private sector, introduce conditions to help the private sector to develop economy, infrastructure developments. Kai tak airport: 1924, redeveloped 1950s-60s (sign of economic growth and prosperity) Kwai chung container port, 1970s: containerization (built for shipping manufacturing goods)
