hong kong - Economics Students Society of Australia

hong kong

A collection of 3 posts

Understanding Hong Kong Property Prices

Understanding Hong Kong Property Prices

With the recent turmoil in Hong Kong, one might have thought about some of the social tensions underlying the protests. For example, Hong Kong has some of the most expensive house prices in the world. According to an International Housing Affordability survey by Demographia, Hong Kong’s current market multiple

Inspiration vs. perspiration: what was the key to East Asia’s economic success?

Inspiration vs. perspiration: what was the key to East Asia’s economic success?

Paul Krugman wrote a famous paper in the 1990s outlining the myths surrounding the Asian miracle of the 20th century. Rather than it being a ‘miracle’, he presented a less dazzling critique of Asia’s economic success. He proposed that it was a combination of stringent government policy and the

Asians like to Save more?

Asians like to Save more?

Since the second half of the last century we have seen the success of many emerging market economies. These economies were traditionally labeled the ‘Four Asian Tigers’, and refer to the economies of Hong Kong, Singapore, South Korea, and Taiwan. However, now it seems as if we must add two