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How Competitive Is Hong Kong? How Competitive Is Hong Kong?
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How Competitive Is Hong Kong?
Until recently, this burning question has been answered largely by an evaluation of “fixed assets” or “stocks,” such as our airport, our port, our geographical position, our legal and regulatory system, and our people. Essential though stocks are, they are not the whole story; they cannot be studied independently of flows, as the two so intertwine and closely complement each other. Yet, our understanding of flows — of people, goods, funds, ideas and information which includes tastes, imaginings and meanings — is only just beginning, and one cannot emphasize enough the urgent need for more rigorous exploration of the subject.
This book foregrounds the concept of flows and, in particular, the circulatory nature of flows. Since the mid-19th century, Hong Kong’s advantage has been to a large extent based on the ease and energy with which through movements occur. We may even say that the Hong Kong story is largely an account of how the infrastructure facilitates flows and how flows enrich and revitalize stocks. The concept of flows allows us to minimize the mental strictures imposed by physical, administrative, legal and cultural boundaries, allowing a remapping of a landscape that highlights networks and channels of movement, and flexibility of strategic positioning based on porous borders. In human resources terms, thinking about flows opens our eyes to our connectivity with the catchment area from which talents could be drawn and how they could be absorbed, mobilized, channeled and invigorated for our interest. In short, it allows a new formulation, which is an open, dynamic and inclusive approach, to the problem of competitiveness.
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