| Abstract | Economic growth has been faster in Hong Kong, and some other East Asian economies, than in the Organisation for Economic Co-operation Development (OECD) economies in recent decades. This represents a combination of faster labour force growth, more rapid increased in the capital stock and improved quality and use of these resources. As Hong Kong's average income has reached those of the leading economies, some of these sources of growth would be expected to slow somewhat but the maintenance of sound fundamentals, and the boost from links with China, should help Hong Kong continue to enjoy increases in its standard of living. |
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