The transition proved to be a smooth one (Tang, 1999), against all predictions; now, the question is whether the WTO membership will bring any surprises. ... The purpose of this part of the essay is to briefly analyze the economic impact of China's recent accession to the WTO on Hong Kong; is it mainly an opportunity or a threat to Hong Kong's economy? ... The emphasis on the economic aspects of Hong Kong is of great significance considering it is one of the world's freest and most dynamic economic centers and considering the commotion under the effect of two international econo...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate