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Record W2344599981

HONG KONG'S FINANCIAL CENTER IN A REGIONAL AND GLOBAL CONTEXT

2011· article· en· W2344599981 on OpenAlexaff
Louis W. Pauly

Bibliographic record

VenueSSRN Electronic Journal · 2011
Typearticle
Languageen
FieldSocial Sciences
TopicSocioeconomic Development in Asia
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsGoods and servicesContext (archaeology)BusinessEconomyPolitical scienceFinanceEconomicsGeography
DOInot available

Abstract

fetched live from OpenAlex

Geography continues to shape the character and promise of Hong Kong’s financial sector. Its physical and human links to the heartland of China made it a natural center for trade in goods and services. And when trade between nations mediated by merchant companies was largely transformed by the practice of intra-firm transfers within multinational corporate networks, Hong Kong’s adaptation required little detailed direction. Its basic advantages remained the same even as industrial capitalism on a national scale developed into financial capitalism on a global scale. Hong Kong’s location, time-zone and territorial openness to the movement of people made it a clearing house for information. There was, nevertheless, nothing inevitable about the precise path Hong Kong has followed recently into the top tier of international financial centers. British rule set the policy and legal framework that still supports vibrant business networks with London, New York and other leading global cities. But two key advantages again manifested themselves in the years following the 1997 handover: financial linkages with the mainland remained robust, and Beijing continued to value highly Hong Kong’s role as gateway to the global economy. Nevertheless, to retain its top-tier position, Hong Kong must deal wisely with a range of fundamental policy issues in the coming years. These will require a more active role for government than has been the norm; continued reliance on a laissezfaire attitude and a low-tax regime by themselves will not be adequate. This brief article frames important policy debates on strengthening those advantages, first in light of high-end competition from within the region and then in the context of the rapid development of greater China.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.118
Threshold uncertainty score0.966

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.022
GPT teacher head0.266
Teacher spread0.243 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations5
Published2011
Admission routes1
Has abstractyes

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