Abstract
Dani Rodrik, a professor at Harvard University, has long presented his argument on the political trilemma of the world economy. He called it an “impossibility theorem”. Global economic integration, national sovereignty and democracy, according to him, are mutually incompatible choices in ordering the world economy. Combining the three choices is therefore out of the question. In addition to analyzing the political trilemma, this chapter also examines different aspects or events related to the housing market in Hong Kong, such as property price fluctuations, appropriate housing policies and property ownership.
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