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Design and Applied Technology (Secondary 4-6)

3.1 COMPETITIVE EDGES OF HONG KONG’S MANUFACTURING

INDUSTRY

In Hong Kong, more than 90% of the businesses are small and medium-sized enterprises

(SME). In other words; SME’s business is Hong Kong’s business. This section reviews the

Hong Kong economy from the early 1950’s to today, and locate Hong Kong’s competitive

edges that support Hong Kong and SME’s continuous economic growth.

SME has been and is an important integral part of Hong Kong’s economy. It has contributed

very much to the territory’s economy. Hong Kong’s SME started with small factories of

electronics and plastics. It was labour intensive, relying on large, cheap and low-skill workers

to sustain.

Toy in the 60s

Between 1980’s and early 1990’s, Hong Kong’s economy grew 10% per annum in average.

The double digit growth was mainly driven by the government’s land sales, efficient

infrastructure planning and the establishment of the economic zones in the Mainland. Such

significant achievements in turn improved the investment climate further. At the same time,

the territory’s investment in tertiary education and training diversified and provided the

required manpower for the industry.

Reclamation of Central, the most

important district facing the Victoria

Harbour, in the 1950's

The Victor Harbour of today

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Vitek VTC-3516 Specifikace Strana 62