ABSTRACT
Hong Kong's industrial paradigm has demonstrated to the world a seminal model of capitalism in action. The Hong Kong government has instead pursued a strategy relying heavily on mega transport infrastructure projects as a means of reducing the economic and political uncertainties it confronts in a highly volatile and transitional environment. On a broader front, the limits to which the Hong Kong Administration can predetermine its future, when in reality its very existence is hypersensitive to changes in the international economy by virtue of the territory's function as an entrepot, need to be recognised. In retrospect, it can be argued that the Hong Kong strategy has proven very successful in helping to retain prosperity in the territory at a time of great political and economic uncertainty while much of the rest of the world was in depression.
