HONG-KONG INDUSTRIAL-STRUCTURE AND GROWTH OF ADVANCED BUSINESS SERVICES

As in most advanced economies, in Hong Kong the services sector has be come the most important economic activity. Since the Second World War Hong Kong has restructured itself twice: first from an entrepot harbou r to a full-fledged industrial economy, and second from an industrial economy to a service economy. The emphasis in this article is on this second change in the Hong Kong economy, notably on the advanced busine ss services and its developments. Hong Kong's dual economy is based on its traditional harbour and emerging new services activities. At pres ent, the services sector, and specifically the advanced business servi ces therein, has become Hong Kong's fastest growing industry.