HIS385H1 Lecture Notes - Lecture 7: Green Paper, White Paper, Public Health
Document Summary
Lecture 7: military gov"t, 1945 civilian gov"t. , 1946+ Hk government"s new attitude, post-ww2: defeat, decolonization, consequences. Post-war economy: entrepot boom, 1945-50, korean war, 1950-53, rapid expansion of industries, 2 common strategies for industrialization (1) import substitution industrialization, an economy would develop domestic industries to produce goods to replace goods bought from outside. Need to introduce policy (tariffs and legislations) making it difficult for foreign goods to enter the market. Ensure population to be large to absorb domestically produced goods and wealthy enough to buy goods. Population was large enough but were rather poor. Recovering from economic difficulties or refugees fleeing from civil: therefore, import substitution didn"t work war in china (2) export led industrialization, exporting goods to the outside world. Would work for hk because of business network and connections that boomed in entrepot trade. Existing network for hk manufacturers to take advantage of.