The Return of Hong Kong: Riding the New Economy?

Hong Kong is recovering from the 1997-98 Asian economic crisis. While this is good news worth cheering about, the city faces tough challenges. In particular, will Hong Kong be able to develop the "new economy", a development needed to sustain the current recovery and guarantee a competitive future? The answer is probably yes, but the path will be marked with a high degree of volatility both in financial markets and in society.