ABSTRACT
It is the year 2005, and instead of Hong Kong having become the “World City” that was the espoused goal of its first post-colonial government, under Chief Executive Tung Chee-wah, it became something quite different. Hong Kong—what is now called the Special Administrative Region (SAR)—has fallen off the map of preferred regional headquarters’ destinations for transnational corporations. Those businesses sought to take advantage, sometime in 2001, of the wide-open China and Taiwan markets that resulted from World Trade Organization (WTO) accessions. They might have located in the SAR, but did not.
