ABSTRACT

The past twenty years have seen an industrial revolution in Hong Kong. Dependent largely upon the huge influx of capital, management, and labour that began around 1949. It has involved a complete change in the pattern of trade as the Colony’s economy switched over from an entrepot to an industrial basis. Already by 1965 more than 50 per cent of the employed population was engaged in industrial and construction work, and well over 90 per cent of the total exports consisted of industrial products, of which the large majority were taken by North America and Western Europe (Chou, 1966).