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     Government should do both as much and as little as possible.  That is, it should do whatever would yield a net benefit for the public overall, but only where the private sector is not in a position to achieve the same by itself.  Policy mechanisms should minimize the need for future government intervention.
     This website is based on writings by James J. Lee, a former bank economist, writing as an independent observer in Hong Kong.  The photos, The most beautiful harbour in the world - Victoria Harbour and Convention & Exhibition Centre, are courtesy of Codino A.C. Divino and the Hong Kong Special Administration Region Government respectively.

Competitiveness [2003] | Elections [2014] | Harbourfront [2008] | Healthcare [2008]
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Housing [2011]| Public finance [2008] | Social security [2014]

Visit the new website by James J. Lee, www.barefooteconomics.net for latest writings on China.