RED FLAG OVER HONG KONG

Tuesday, January 30, 1996

On July 1, 1997, the British Crown Colony of Hong Kong will cease to exist, becoming instead the Hong Kong Special Administrative Region of the People's Republic of China. Will the new Hong Kong continue to flourish or stagnate? Hoover fellows Bruce Bueno de Mesquita and Alvin Rabushka and their coauthor, David Newman, assert that we will all be able to learn a great deal by watching the value of a single, critical item, the Hong Kong dollar.

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