The Impact of Chinese Reunification on Hong Kong’s Future Economic Development

Authors

Anthony Lam, Brigham Young University
Dr. Bryan Sudweeks, Brigham Young University

Keywords

Chinese reunification, Hong Kong, economic develop

College

Marriott School of Management

Department

Management

Abstract

Asia suffered a devastating blow to its economy in February of 1997 with the Asian Financial Crisis. The Asian Tiger economies fell to currency speculation and bank debt, beginning with Thailand. Hong Kong, one of the premier business centers in Southeast Asia, was also adversely affected through trade effects. That same year, on July 1, Hong Kong ended its ninety-nine year term as a colony of the United Kingdom and returned to Chinese rule. The “one country, two systems” policy was put in place to ensure Hong Kong’s continued success. Hong Kong would remain a democracy but be part of a communist country. The major concern at this time was that Chinese rule would undermine Hong Kong’s vibrant economy.

Recommended Citation

Lam, Anthony and Sudweeks, Dr. Bryan (2014) "The Impact of Chinese Reunification on Hong Kong’s Future Economic Development," Journal of Undergraduate Research: Vol. 2014: Iss. 1, Article 1006.
Available at: https://scholarsarchive.byu.edu/jur/vol2014/iss1/1006