Protecting Free Trade The Hong Kong Paradox, 19471997

Protecting Free Trade traces the story of a paradox that both limited and stimulated Hong Kong's post-war economy. In order to preserve its comA-mitment to open markets, Hong Kong was obligated by international agreements to accept restraints on its exA-ports; and in order to sustain its growth and development, Hong Kong had to subject its largest industry-textiles-to a massive network of restricA-tions. The focus is on how Hong Kong handled, through negotiation, attempts by develA-oped economies to limit interA-national trade through protecA-tive measures.