HONG-KONG ECONOMIC PATH AND ITS STRATEGIC VALUE FOR CHINA AND BRITAIN, 1946-56 - A RATIONAL-STRATEGIC APPROACH

Hong Kong's growth and prosperity as a British colony alongside a stro ngly anti-imperialist China appears paradoxical. Yet, this paradox rev eals the fundamental rational-strategic relations that existed between China and Britain in the Cold War era and how they influenced Hong Ko ng's economic development. Thus, this article uses a rational-strategi c approach in examining Hong Kong's unique characteristic as a strateg ic arena with different meanings for different agents. Its main theme is contextualizing the colony's economic path and domestic economic po licy orientation by relating them with the rational considerations of the Chinese and British governments.