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THECOND FACTOR IS FOREIGN INVESTMENI UNDOUBTEDLY, WITHOUT
FOREIGN INVESTMENT, HONG KONG'S ECONOMIC MIRACLE WOULD BE OVER
ཡིན་་་་་་གས་དང་ཡ་
OT HERWISE, THE HONG KONG GOVERNMENT WOULD NOT HAVE KEPT
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THE DOOR WIDE OPEN FOR INVESTORS FOR SO LONG AND CHINA WOULD NOT HAVE
REPEATEDLY ASSURED INVESTORS IN HONG KONG AND TOLD THEM NOT TO WORRY.
HOWEVER, A PROELEM EXISTING ALONG WITH THIS IS THAT THE MOST IMPORTANT
THING FOR INVESTORS IS PROF IT. IT IS ONLY WHEN FAVORABLE CONDITIONS
EXIST THAT THEY WILL HELP IN BRINGING ABOUT PROSPERITY TO HONG KONG.
THEY WILL NOT BE WILLING TO MAKE SA CR IF ICES FOR THE DEVELOPMENT OF
HONG KONG
THE THIRD FACTOR TO BE RECKONED WITH IS THE IMPROVEMENT OF THE
QUALITY OF HONG KONG WORKERS. SINCE THE 1970'S, A GENERATION OF
YOUNG AND ENERGETIG TECHNICAL WORKERS AND MANAGEMENT PERSONNEL
HAS BEEN CROOMED DUE TO THE INCREASING POPUALRIZATION OF EDUCATION
IN HONG KONG. IN THE PRESENT SITUATION OF THE WORLD ECONOMY IN WHICH
PROTECT IONISM IS AGAIN ON THE RISE, HONG KONG'S INDUSTRY HAS TO
DIVERSIFY AND CHANGE FROM BEING LABOR-INTENSIVE TO CAPITAL-INTENSIVE.
TO IMPROVE THE ABILITY OF COMMODITIES TO COMPETE IN THE MARKET A
HICH QUALITY LABOR FORCE IS INDISPENSABLE. HOWEVER, WITH THE IMPROVE-
MENT OF THE QUALITY OF THE LABOR FOR CE, SOME OTHER PROBLEMS HAVE ALSO
ARISEN: THE NEW EDUCATED GENERATION OF HONG KONG ARE DEMANDING A MORE
DEMOCRATIC, OPEN AND RATIONAL SOCIETY. POL IT ICAL RIGHTS MOVEMENTS
AND EDUCATIONAL REFORMS IN RECENT YEARS ARE MANIFESTATIONS OF THIS
DEMA ND
IT CAN BE SAID THAT THE FACTORS MENTIONED ABOVE HAVE ALL DEVELOPED
IN A POSITIVE DIRECTION IN THE PAST YEARS. BUT WE CAN ALSO SEE
UNSTABLE FACTORS IN THE ABVOE ANALYSIS. WITH THE ADVENT OF THE 1980'S,
HONG KONG HAS COME UNDER. THE TEST OF THESE UNSTABLE FACTORS.
HAS GIVEN RISE TO SEVERAL SPECULATIONS.
WHAT FORMS HAVE THESE TESTS TAKEN?
THIS
THE TESTS PRIMARILY HAVE COME FROM TWO QUARTERS. FIRST IS THE
APPROACH OF THE YEAR 1997. HOW WILL THE CHINESE AND BRITISH GOVERN-