"It is difficult to imagine Hong Kong not introducing a competition law soon as the city is lagging behind even places such as Papua New Guinea, one of England's foremost experts in the field says. Nicholas Green QC yesterday told a seminar organised by the Asian Competition Forum and the Civic Party that various forms of competition law had been in place for years in countries such as India and South Korea...
Even Papua New Guinea had had the legislation in place since 2002, Mr Green said. He believed Hong Kong, which this month ended a three-month consultation on a competition policy, would follow the international trend."
That is from a story in today's edition of SCMP, read more here.
In the 1950s and 1960s, it was fashionable for a lot of developing countries to pursue absurd economic policies like import substitution, industrial policies and economic planning, would Mr Green consider it a mistake that HK did not follow that "international trend" back then?
When protectionism was in vogue, would Mr Green advise HK to follow that "international trend" as well?