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buttressed
by
democratic
institutions,
investors are left unprotected. Without an
independent
Judiciary enforcing
laws
democratically enacted, businesses will be
vulnerable to arbitrary political decisions
taken оп a
whim
sure recipe for a
collapse in confidence and a powerful
deterrent to investors from overseas.
1.
118.
as
So democracy brings benefits
representing values. It helps to
well as
create the sort of society, as well as the
business opportunities that first attract
talent and capital to Hong Kong and then
retain them here. Above all, it provides a
well-tried
system for a
mature and
sophisticated people to have a say on how
their community is run, and to tell those
running it without fear where and when they
have got it wrong.
THE EXCO-LEGCO RELATIONSHIP
119.
In
tackling
development, there are some
constitutional
things we can
change immediately in
in order to strengthen
our representative institutions.
Other
improvements are longer-term and relate
principally to the 1995 elections. These
will require consultations with the Chinese
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