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Land and the Ruling Class in Hong Kong

By Alice Poon

(11)

| Hardcover | 9780973876000

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Book Description

The main theme of the book centers on acute concentration of economic power and wealth in the hands of a few economic powerhouses, which is basically due to the workings of Hong Kong's land system and the lack of competition in key sectors. In spite of this socially unjust phenomenon, not only has tContinue

2 Reviews

This book is about the dominance of property developers in Hong Kong, and how they impact on all facets of life, beyond the property market. It is very topical given the sky high property prices in Hong Kong, the worsening wealth gap problem and the inevitable erosion of its international competiti ... (continue)

This book is about the dominance of property developers in Hong Kong, and how they impact on all facets of life, beyond the property market. It is very topical given the sky high property prices in Hong Kong, the worsening wealth gap problem and the inevitable erosion of its international competitiveness. Instead of being a so called 'free market' which Hong Kong prides itself, it is run by a group of property cartels who became rich from opportunistic purchases of cheap land in the 70s and 80s. All the points brought up by the author made a lot of sense, although I found it somewhat repetitive and not very in depth. Must read for politicians in Hong Kong!

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tonyhk said on Aug 17, 2010 | Add your feedback