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Podcast: Cato Event Podcast
Episode: Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong Kong
Description: At the end of the Second World War, Hong Kong lived up to its description as “the barren island.” It had few natural resources, its trade and infrastructure lay in tatters, its small manufacturing base had been destroyed, and its income per capita was less than a quarter of its mother country, Britain. But by the time of the handover of Hong Kong to China in 1997, it was one of the most prosperous nations on Earth. By 2015, its GDP per capita was more than 40 percent higher than Britain’s. How did that happen? Around the world, postwar governments turned to indust...