THIRD PARTY COMMENTS
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The Economist: "Hong Kong is one of the world's most successful socieities not just because of free trade and laissez-faire. It has had good government delivered by the able civil service of a benign colonial regime. It has a fair share of civil liberties and from the later 1970s onwards, it has enjoyed that great Asian rarity, a relative absence of corruption." (April 1992)
Milton Friedman said, "If you want to know how capitalism really works, take a look at Hong Kong."
The European Community's representative on GATT described Hong Kong in GATT's major review of its policies in August 1990 as a "handbook on how to build up a successful economy".
According to the World Competitiveness Report 1989 (compiled by World Economic Forum & IMEDE), HK ranked 1st or 2nd i.e. most competitive in the world, in 5 out of 10 factors used to guage competitiveness (e.g industrial efficiency, dynamics of the market, financial dynamism, state interference and socio-political stability).
Most of the US companies in Hong Kong that responded to a recent survey conducted by the American Chamber of Commerce said they planned to maintain a regional headquarters office in the territory indefinitely. Only 15% indicated they planned to leave.
According to a recent survey done by the Australian Chamber of Commerce, 95% of the member companies operating said they will still be operating here in 1994 and 70% even go further to 2000.
Mr. John Kamm, ex-President of the American Chamber of Commerce in Hong Kong: "I think people generally feel Hong Kong will remain a going concern. For businessmen, it's paradise."
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