Which route of economic growth is more desirable to developing countries?

* The asterisked items in the reading list below are highly recommended.
5. De-industrialisation has happened in Hong Kong while Singapore maintains a large portion of the manufacturing sector in its economy. Why did this difference emerge? Which route of economic growth is more desirable to developing countries?

The reading list has uploaded in the file.
* Chiu, S., Lui, T.L. (2000), “Hong Kong model of development revisited”, paper presented at Asia-Europe Forum at Copenhagen (LUMINUS)
Chiu, S., Lui, T.L. (1995), “Hong Kong: Unorganised Industrialism”, Clark, G., Kim, W.B. (eds.), Asian NIEs and the Global Economy, Baltimore: John Hopkins University Press
* Wong Poh Kam (1999), “From Leveraging Multinational Corporations to Fostering Technopreneurship: The Changing Role of S&T Policy in Singapore” (LUMINUS)
* Wong Poh-Kam (2001), “The role of the state in Singapore’s industrial development” (LUMINUS)
* Lim, Linda (2008), ‘Singapore’s Economic Growth Model – Too Much or Too Little?’ (LUMINUS)
Davies, Howard (1999), ‘The Future Shape of Hong Kong’s Economy: Why Low
Technology Manufacturing in China will Remain a Sustainable Strategy (LUMINUS)
Wang, Jue (2018) ‘Innovation and government intervention: A comparison of Singapore and Hong Kong’, Research Policy 47 (LUMINUS)
Young, A. (1992), “A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore”, NBER Macroeconomic Annual 1992, Cambridge, Mass.:MIT Press (Articles for Essay 7 at LumiNUS)

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