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"Around the world, governments were turning to industrial planning, Keynesian deficits and high inflation to stimulate their economies. How much did the civil servants in Hong Kong adopt from this emerging global consensus? Virtually nothing. They rejected the idea that government should play an active role in industrial planning, ionstead believing in the ability of entrepreneurs to find the best opportunities. They rejected the idea of spending more than the government raised in taxes, instead aiming to keep a year's spending as a reserve. And they rejected the idea of high taxes, instead keeping taxes low, believing that private investment would earn high returns, and expand the long-term tax base. This strategy was created and implemented by no more than a handful of men over a fifty-year period. Perhaps the most importrant of them all was John Cowperthwaite, who ran the trade and industry department after the war and then spent twenty years as deputy and then actual financial secretary before his retirement in 1971. "--Book jacket.
"Around the world, governments were turning to industrial planning, Keynesian deficits and high inflation to stimulate their economies. How much did the civil servants in Hong Kong adopt from this emerging global consensus? Virtually nothing. They rejected the idea that government should play an active role in industrial planning, ionstead believing in the ability of entrepreneurs to find the best opportunities. They rejected the idea of spending more than the government raised in taxes, instead aiming to keep a year's spending as a reserve. And they rejected the idea of high taxes, instead keeping taxes low, believing that private investment would earn high returns, and expand the long-term tax base. This strategy was created and implemented by no more than a handful of men over a fifty-year period. Perhaps the most importrant of them all was John Cowperthwaite, who ran the trade and industry department after the war and then spent twenty years as deputy and then actual financial secretary before his retirement in 1971. "--Book jacket.
Über den Autor
Neil Monnery studied at Oxford University and Harvard Business School. He worked for twenty years at The Boston Consulting Group as a Director and Senior Vice President and for ten years as Strategy Director of W.H. Smith. He is now active in business, investing and research. He is the author of Safe As Houses? A Historical Analysis of Property Prices (LPP 2011).
Details
Erscheinungsjahr: | 2017 |
---|---|
Genre: | Geschichte |
Rubrik: | Geisteswissenschaften |
Medium: | Buch |
Inhalt: | Gebunden |
ISBN-13: | 9781907994692 |
ISBN-10: | 1907994696 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Monnery, Neil |
Hersteller: | London School of Economics and Political Science |
Maße: | 243 x 164 x 40 mm |
Von/Mit: | Neil Monnery |
Erscheinungsdatum: | 30.06.2017 |
Gewicht: | 0,758 kg |
Über den Autor
Neil Monnery studied at Oxford University and Harvard Business School. He worked for twenty years at The Boston Consulting Group as a Director and Senior Vice President and for ten years as Strategy Director of W.H. Smith. He is now active in business, investing and research. He is the author of Safe As Houses? A Historical Analysis of Property Prices (LPP 2011).
Details
Erscheinungsjahr: | 2017 |
---|---|
Genre: | Geschichte |
Rubrik: | Geisteswissenschaften |
Medium: | Buch |
Inhalt: | Gebunden |
ISBN-13: | 9781907994692 |
ISBN-10: | 1907994696 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Monnery, Neil |
Hersteller: | London School of Economics and Political Science |
Maße: | 243 x 164 x 40 mm |
Von/Mit: | Neil Monnery |
Erscheinungsdatum: | 30.06.2017 |
Gewicht: | 0,758 kg |
Warnhinweis