Hong Kong and the World – The Five Adam Smith Link..
The Five “Adam Smith Links” between HK and the world.
1)Hong Kong can be seen as another bran-child of Adam Smith’s ideas along with the US, London, and Oxford & University as a social institution.
2)Hong Kong and the University of HK have been important components of The Firms and the Market Paradigm of the School of New Institutional Economics which is really trying to bring Economics back to its roots in the Adam Smith days;
3)Hong Kong and HK companies could be the global pioneers in terms of adopting an alternative ESG standards developed as an extension of Adam Smith’s ideas and the Firms and Market Paradigm, which could well evolve into a world standard
4)Hong Kong could well become the city to illustrate that the four elements of Smithian ideals are conceivable and attainable and HK could become one of the driving forces to spread the ideas of Adam Smith to the rest of the world;
5)That Hong Kong companies and the ways they interact with the Market can be seen as illustrations of the Adam Smith’s ideas about the Firms and the Market; and that HK‘s Capital Market could become the capital market to be associated with for all the Firms and individuals adopting Adam Smith ideas about The Firms and the Free Market, which then can could help Hong Kong companies to be transformed from negligible components to an asset class to be reckoned with and respected of in the global capital markets and the investing world at large.