TNAG-2978-FCO40-1470-Trade-relations-between-Hong-Kong-and-the-UK-1982 — Page 72

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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CONFITENTIAL

3

5.

More difficult to predict and control are strains

arising where

DSR 11C

Poor or improper performance by British-controlled

multinational corporations provokes a host country.

Private bodies or individuals beyond governmental

reach become involved in activities (for example in

sport or the arts) that are provocative to a host

country.

The UK media reports critically on a Third World

country or its leaders.

None of these problems are new.

But the likelihood

power to

6.

of their leading to hostile acts against the UK has

arguably increased in recent years. First, the oil

producers are increasingly aware of their own drength:

OPEC countries enjoy huge spending power (which can be

diverted to benefit one source of imports rather than

another); and the low absorbers have substantial holdings

of financial assets in the West (which gives them

disrupt financial markets by, for example, shifting

deposits). Second, there has been a change in the balance

of economic power in favour of newly industrialised

countries (NICs) such as Brazil, Mexico, South Korea, Taiwan,

Hong Kong, Malaysia and Singapore. These developments, to-

gether with the lessening of colonial ties, have increased

the capacity of such countries to hurt the UK and enhanced,

to some extent, their ability to withstand counter measures.

"t}་

CONFIDENTIAL

17.

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