Abstract
PurposeThe purpose of this paper is to examine Hong Kong's future economic diversification prospects to become a high value‐added knowledge‐based economy.Design/methodology/approachThis paper is a view of the knowledge‐based economic development of Hong Kong and its potential future prospects since its re‐unification with China. It is important to have a good understanding of the past before trying to predict the future.FindingsThe key message is that Hong Kong now needs a “horizontal” support structure, a good understanding of how things work in a globalized knowledge economy, continuation of the “free market” structure and a lightweight facilitation system that supports all high‐value added economic activities in Hong Kong.Originality/valueThe papers provides an original viewpoint on the potential for Hong Kong's knowledge‐based economic development, in line with the rise of China as a global economic power.
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