| Abstract | The shrinking manufacturing base in Hong Kong reflects Hong Kong manufacturers have outgrown the boundaries of the territory by relocating and expanding their production facilities on the Mainland and other low-cost countries. Such a development is consistent with a global trend of the manufacturing process itself becoming less profitable. The dynamics of Hong Kong's growth lie in the ability to add value through sourcing, dealing and selling across the world as well as the provision of an efficient infrastructure for businesses. Hong Kong can model itself on other metropolitan cities, such as New York and London which are renowned for the dominance of their service sector, through an enhanced focus on high value-added activities. |
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