Series Vol. 7 , 13 September 2023
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When people think of Hong Kong in the 1960s, most will recall the industrialized prosperity of Hong Kong. Most scholars regard the industrialized prosperity in the 1960s as a direct consequence of the U.S Embargo Policy launched in the 1950s, during the Korean War. However, a no less important driving force, the impacts of the dynamic role of local businessmen and local chambers on the growth of industries has been overlooked. Given the current academic neglect of the local dynamic role, this paper aims to analyze the driving force played by local actors such as associations, chambers of commerce, and even merchants in promoting Hong Kong’s industrial growth, especially in the shipping industries. This paper will demonstrate the effect of embargo policy as well as the contribution of local dynamics, which altogether provides a comprehensive understanding of the factors affecting Hong Kong’s industrial growth in the 1950s.
Hong Kong, embargo policy, industrialization
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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.