The focus of this book is the impact Chinese control is likely to have on Hong Kong's role in the international economic system, and how the business community will be affected. Issues of trade and finance, of political economy, and concerns about Chinese respect for the rule of law predominate. The result is a balanced analysis of a sensitive subject: the prospects for Hong Kong's continued success and freedom.

Table of Contents

Introduction Warren I. Cohen; 1. Hong Kong as an international commercial center Philip Bowring; 2. Hong Kong faces 1997: legal and constitutional Issues James V. Feinerman; 3. The economic and political integrations of Hong Kong: implications for government-business relations Yasheng Huang; 4. Hong Kong and Greater China: an economic perspective Changqi Wu; 5. One country, two currencies: monetary relations between Hong Kong and China Edgardo Barandiaran and Tsang Shu-ki; 6. Cooking the rice without cooking the goose: the rule of law, the battle over business, and the quest for prosperity in Hong Kong after 1997 Jacques deLisle and Kevin P. Lane; 7. Political participation in Hong Kong: trends in the mid-1990s Joseph Y. S. Cheng; 8. Strategic and military implications of Hong Kong reversion Ronald Montaperto; 9. Hong Kong and China's integration into the international community Michael Yahuda; 10. Hong Kong as a problem in China-American relations Nancy Bernkopf Tucker; 11. Post-July 1997 challenges Kenneth Lieberthal.