Paper P001 (E) Session 9A: Business Sector in Hong Kong submitted to:
The Eighth Annual Conference of The Asian Studies Association of Hong Kong,
8-9 March 2013, The Hong Kong Institute of Education
Presentation made on 6 November 2012 at the "Beijing-Hong Kong Technology Cooperation and Investment Seminar" hosted by the Hong Kong Trade Development Council
This research deals with an insight and analysis of the economy projectification in a smaller country, here represented by Croatia. The study was inspired by similar research conducted in Germany, Island and Norway and it is based on similar but partly adapted methodology. The objective of this study is to measure level of economy projectification in a smaller country, and to provide relevant data related for the level of project work. The random sample of 250 companies, from both public and private sectors, was selected across nine sectors of the economy. A stratified random sampling was drawn and interviews were conducted via telephone, so as on-line survey. While analysing collected data and considering the objectives of this paper, only basic statistical analyses were applied for calculating averages and mean values. This study confirmed that projectification trends and figures in a smaller country are similar to those in larger or developed countries. During the period of last five years, the projectification level of the Croatian economy was increased from 27% (in 2013.) to33% (in 2018.). The results show significant difference in projectification among the different sectors of economy, so as changes and trends over the recent time period.
Asia Corporate Strategy Assessment – 10 Trends in Corporate Strategic Plannin...Team Finland Future Watch
Asia is becoming the preeminent global market and global source of competition. Multinational companies have a 5-year window in which to devise new corporate strategies in order to achieve sustainable growth and profitability in the Asian market. Report presents 10 trends for future and ongoing corporate strategies to meet the Asian challenge.
Outsourcing Destination Guide Poland 2014 by Deutscher Outsourcing VerbandErnest Orlowski
Independent information guide about Nearshoring to Poland by German Outsourcing Association in co-operation with ProPregressio Foundation.
About Solid Shore Sp. z o.o. - page no 60.
The Outsourcing Guide Poland presents the capabilities and actors of the Polish ITO and BPO Industry.
Unique solutions and cases invented by Polish service industry experts are presented in the form of case studies and project reports.
As a result the document helps decision makers to better understand the advantages and conditions in working with Polish ITO and BPO service providers.
How to transition Pakistan towards a knowledge based economy. Moazzam Husain
In this new race, economic competition among nations will be less on physical assets and more on knowledge assets. Pakistan must take urgent and substantive steps to build its ecosystem and knowledge culture to leapfrog ahead. What needs to be done? In my course on Marketing Strategies for Emerging Economies, Summer 2019 students of the Institute of Business Management, Karachi, Pakistan were asked to come up with recommendations. This is an example of some of the best work submitted.
Presentation made on 6 November 2012 at the "Beijing-Hong Kong Technology Cooperation and Investment Seminar" hosted by the Hong Kong Trade Development Council
This research deals with an insight and analysis of the economy projectification in a smaller country, here represented by Croatia. The study was inspired by similar research conducted in Germany, Island and Norway and it is based on similar but partly adapted methodology. The objective of this study is to measure level of economy projectification in a smaller country, and to provide relevant data related for the level of project work. The random sample of 250 companies, from both public and private sectors, was selected across nine sectors of the economy. A stratified random sampling was drawn and interviews were conducted via telephone, so as on-line survey. While analysing collected data and considering the objectives of this paper, only basic statistical analyses were applied for calculating averages and mean values. This study confirmed that projectification trends and figures in a smaller country are similar to those in larger or developed countries. During the period of last five years, the projectification level of the Croatian economy was increased from 27% (in 2013.) to33% (in 2018.). The results show significant difference in projectification among the different sectors of economy, so as changes and trends over the recent time period.
Asia Corporate Strategy Assessment – 10 Trends in Corporate Strategic Plannin...Team Finland Future Watch
Asia is becoming the preeminent global market and global source of competition. Multinational companies have a 5-year window in which to devise new corporate strategies in order to achieve sustainable growth and profitability in the Asian market. Report presents 10 trends for future and ongoing corporate strategies to meet the Asian challenge.
Outsourcing Destination Guide Poland 2014 by Deutscher Outsourcing VerbandErnest Orlowski
Independent information guide about Nearshoring to Poland by German Outsourcing Association in co-operation with ProPregressio Foundation.
About Solid Shore Sp. z o.o. - page no 60.
The Outsourcing Guide Poland presents the capabilities and actors of the Polish ITO and BPO Industry.
Unique solutions and cases invented by Polish service industry experts are presented in the form of case studies and project reports.
As a result the document helps decision makers to better understand the advantages and conditions in working with Polish ITO and BPO service providers.
How to transition Pakistan towards a knowledge based economy. Moazzam Husain
In this new race, economic competition among nations will be less on physical assets and more on knowledge assets. Pakistan must take urgent and substantive steps to build its ecosystem and knowledge culture to leapfrog ahead. What needs to be done? In my course on Marketing Strategies for Emerging Economies, Summer 2019 students of the Institute of Business Management, Karachi, Pakistan were asked to come up with recommendations. This is an example of some of the best work submitted.
Concept of promotion mix and process mix in service sector with special ref....Rohan Bakshi
Objectives of the Research:
There are various objectives of the research, they are as following:
♣ To establish various Promotion Mix and the Process mix of the two products,
♣ To bring out the various point of views of both Corporate Buyers and Individual Customers,
♣ To extend the Knowledge of Readers, and
♣ To bring out Relative Information from the research.
The technology industry is the most important export industry in Finland. Technology companies operate in international markets, attracting income to Finland that is paramount to maintaining the welfare state.
Electronics manufacturing clusters in Eastern Europe: an ultimate guideBalazs Csorjan dr.
Eastern European electronics clusters provide low-cost manufacturing, innovative supply chains and focused manufacturing skills, making easier to do business on the European market.
How to select your new electronics manufacturing site in HungaryBalazs Csorjan dr.
Hungary has the largest electronics manufacturing industry in Eastern Europe, it's point to investigate the country when it's about electronics site selection.
China vs Eastern Europe: comparison of manufacturing locationsBalazs Csorjan dr.
No question, China is the first word when it's about offshore manufacturing. But will China remain the superstar of manufacturing in the future? The following presentation tries to tint it, and compare China to another emerging location: Central- and Eastern Europe.
This study by the ESADE China Europe Club is the first report that aims to provide an in-depth analysis of this new sphere of economic and business relations between China and Europe.
Some highlights:
. The report also shows that the EU is the main destination of Chinese investment, which reached 26,768 million at the end of 2012.
. Spain ranks fourth in terms of the number of Chinese investment projects in Europe
. 85% of the Chinese investment in Europe is concentrated in Luxembourg, France, the UK, Germany and Sweden.
. Although Spain ranks fourth among European nations in terms of the number of Chinese investment projects (38), it only comes ninth in terms of the stock of direct investment. There are still relatively few Chinese companies (just 60) out of a total of some 12,000 foreign firms operating in Spain.
.Most of the Chinese companies operate in the upper reaches of the value chain and in high-tech such as: Energy, Information Technology, Information Technology and there are also Chinese companies in banking.
More details: http://esade.me/1pSuL5m
Export To Poland Presentation 2nd June 2009Michael Clay
This presentation was made by Michael Clay on the 2nd June at the Polish Embassy in London as a member of the Board of the British Polish Chamber of Commerce
Building an Innovation-Driven Economy – The Case of BRIC and GCC CountriesMaxim Kotsemir
Available at SSRN: https://ssrn.com/abstract=2491488
Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this aspiration. This paper analyses the various aspects of national innovation systems of BRIC and GCC countries, highlights similar and different approaches and attempts to quantify their success. For example, GCC countries spend extensively on research and development (R&D), but have so far achieved less than meaningful results. Brazil, China and India are catching up to the acknowledged world leaders in innovation, but Russia is lagging.
Design/Methodology/Approach – Our comparison was based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the Global Competitiveness Index (GCI) produced by the World Economic Forum. BRIC and GCC countries were analyzed over 1996-2011 because most of the indicators data are only available from 1996. Data related to intellectual property rights have been collected since 1999 or 2000. The data available for the number of researchers proved problematic for both BRIC and GCC countries. For instance, some data for the GCC countries was missing. To not leave a gap, we extrapolated in line with the overall trend; using the least squares method to approximate a straight line for the missing data based on what had already been reported.
Findings – Counter-intuitively, we will argue that the push toward an innovation-based economy is actually not dependent on total expenditure on R&D, but rather relies on the efficient allocation of investments and the rigorous implementation of innovation strategy. And, we will demonstrate this by showing our ideas in relation to both BRIC and GCC countries. This analysis raises fascinating points of discussion for those looking to build an innovation economy in other countries and has practical implications for policy-makers and policy implementers in all countries.
Originality/Value – First analysis of the correlation of gross expenditure on R&D (GERD) with gross domestic product (GDP) growth and Straits Times Index (STI) policy measures.
Entrepreneurial Mindset for Engineering UndergraduatesEditorIJAERD
Engineering leverages engineering knowledge and is able to bring real value to the global marketplace,
particularly in the area of creative and disruptive technology capable of improving the lives of others on the global
marketplace. New product development creates both jobs and revenue for companies in the technology field; it is also the
engine that maintains the country's leading role in the world’s economy. Engineering education, therefore, must teach
engineers-to be how to be entrepreneurially minded so they can be key influencers in creating new products. This new
educational paradigm must include not only instruction in the technical fundamentals of engineering, but also incorporate
insight into the importance of customer awareness, an introduction to business principles, as well as a focus on societal
needs and values. These precepts need to be integrated into curricular as well as co- and extra-curricular activities. The
purpose of this literature review was to explore the importance of entrepreneurial mindset for engineering undergraduates to
develop their entrepreneurial intention
An academic paper on the practical aspects of innovation and technology implementation in Hong Kong. This paper suggests that a clearly stated strategy and implementation plan is needed for innovation and technology in Hong Kong.
By Gordon McConnachie and Alan K.L.Lung
Vol. 16 No.1 Spring 2013
Public Administration and Policy Journal
Published by Hong Kong Public Administration Journal and SPEED of The Hong Kong Polytechnic University
Concept of promotion mix and process mix in service sector with special ref....Rohan Bakshi
Objectives of the Research:
There are various objectives of the research, they are as following:
♣ To establish various Promotion Mix and the Process mix of the two products,
♣ To bring out the various point of views of both Corporate Buyers and Individual Customers,
♣ To extend the Knowledge of Readers, and
♣ To bring out Relative Information from the research.
The technology industry is the most important export industry in Finland. Technology companies operate in international markets, attracting income to Finland that is paramount to maintaining the welfare state.
Electronics manufacturing clusters in Eastern Europe: an ultimate guideBalazs Csorjan dr.
Eastern European electronics clusters provide low-cost manufacturing, innovative supply chains and focused manufacturing skills, making easier to do business on the European market.
How to select your new electronics manufacturing site in HungaryBalazs Csorjan dr.
Hungary has the largest electronics manufacturing industry in Eastern Europe, it's point to investigate the country when it's about electronics site selection.
China vs Eastern Europe: comparison of manufacturing locationsBalazs Csorjan dr.
No question, China is the first word when it's about offshore manufacturing. But will China remain the superstar of manufacturing in the future? The following presentation tries to tint it, and compare China to another emerging location: Central- and Eastern Europe.
This study by the ESADE China Europe Club is the first report that aims to provide an in-depth analysis of this new sphere of economic and business relations between China and Europe.
Some highlights:
. The report also shows that the EU is the main destination of Chinese investment, which reached 26,768 million at the end of 2012.
. Spain ranks fourth in terms of the number of Chinese investment projects in Europe
. 85% of the Chinese investment in Europe is concentrated in Luxembourg, France, the UK, Germany and Sweden.
. Although Spain ranks fourth among European nations in terms of the number of Chinese investment projects (38), it only comes ninth in terms of the stock of direct investment. There are still relatively few Chinese companies (just 60) out of a total of some 12,000 foreign firms operating in Spain.
.Most of the Chinese companies operate in the upper reaches of the value chain and in high-tech such as: Energy, Information Technology, Information Technology and there are also Chinese companies in banking.
More details: http://esade.me/1pSuL5m
Export To Poland Presentation 2nd June 2009Michael Clay
This presentation was made by Michael Clay on the 2nd June at the Polish Embassy in London as a member of the Board of the British Polish Chamber of Commerce
Building an Innovation-Driven Economy – The Case of BRIC and GCC CountriesMaxim Kotsemir
Available at SSRN: https://ssrn.com/abstract=2491488
Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this aspiration. This paper analyses the various aspects of national innovation systems of BRIC and GCC countries, highlights similar and different approaches and attempts to quantify their success. For example, GCC countries spend extensively on research and development (R&D), but have so far achieved less than meaningful results. Brazil, China and India are catching up to the acknowledged world leaders in innovation, but Russia is lagging.
Design/Methodology/Approach – Our comparison was based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the Global Competitiveness Index (GCI) produced by the World Economic Forum. BRIC and GCC countries were analyzed over 1996-2011 because most of the indicators data are only available from 1996. Data related to intellectual property rights have been collected since 1999 or 2000. The data available for the number of researchers proved problematic for both BRIC and GCC countries. For instance, some data for the GCC countries was missing. To not leave a gap, we extrapolated in line with the overall trend; using the least squares method to approximate a straight line for the missing data based on what had already been reported.
Findings – Counter-intuitively, we will argue that the push toward an innovation-based economy is actually not dependent on total expenditure on R&D, but rather relies on the efficient allocation of investments and the rigorous implementation of innovation strategy. And, we will demonstrate this by showing our ideas in relation to both BRIC and GCC countries. This analysis raises fascinating points of discussion for those looking to build an innovation economy in other countries and has practical implications for policy-makers and policy implementers in all countries.
Originality/Value – First analysis of the correlation of gross expenditure on R&D (GERD) with gross domestic product (GDP) growth and Straits Times Index (STI) policy measures.
Entrepreneurial Mindset for Engineering UndergraduatesEditorIJAERD
Engineering leverages engineering knowledge and is able to bring real value to the global marketplace,
particularly in the area of creative and disruptive technology capable of improving the lives of others on the global
marketplace. New product development creates both jobs and revenue for companies in the technology field; it is also the
engine that maintains the country's leading role in the world’s economy. Engineering education, therefore, must teach
engineers-to be how to be entrepreneurially minded so they can be key influencers in creating new products. This new
educational paradigm must include not only instruction in the technical fundamentals of engineering, but also incorporate
insight into the importance of customer awareness, an introduction to business principles, as well as a focus on societal
needs and values. These precepts need to be integrated into curricular as well as co- and extra-curricular activities. The
purpose of this literature review was to explore the importance of entrepreneurial mindset for engineering undergraduates to
develop their entrepreneurial intention
An academic paper on the practical aspects of innovation and technology implementation in Hong Kong. This paper suggests that a clearly stated strategy and implementation plan is needed for innovation and technology in Hong Kong.
By Gordon McConnachie and Alan K.L.Lung
Vol. 16 No.1 Spring 2013
Public Administration and Policy Journal
Published by Hong Kong Public Administration Journal and SPEED of The Hong Kong Polytechnic University
Innoteque 2016 was an event organized in Bucharest and Cluj between October 5-7, 2016 by Impact Hub and Recognos. Participants made a series of recommendations for building an ecosystem of innovation and entrepreneurship in Romania.
A short summary of the academic paper titled: "The politics and specifics of knowledge-based economy implementation in Hong Kong" by Dr Gordon McConnachie, Alan Lung and Sharon Gal Or
The role of science, industrial and technology parksAntonio Sfiligoj
presented at UNIDO workshop "Fostering inclusive and sustainable local industrial development in Europe and Central Asia" Ljubljana Slovenija April 8 2014
Insight Report - Public Policy and Innovation Economic Analysis: Hong Kong 20...Good City Foundation
The Insight Report "Public Policy and Innovation Economic Analysis: Hong Kong 2030+, Industry 4.0 and District Improvement in Tai Po" is produced by the Social Enterprise Summit supported by the Good City Foundation, RE-LOOK and multiple other local key stakeholders in Tai Po District in Hong Kong to provide an overall scanning of political socio-economic status of Tai Po District, to proxy the readiness of development of the Northern Metropolis, in junction of the Re-Industrialisation Development Strategy, as part of the Hong Kong 2030+ long-term development strategy.
Slide presentation accompanying the paper titled: "Realizing Hong Kong's knowledge-based economy potential as part of a rising China" submitted to The Eighth Annual Conference of The Asian Study Association of Hong Kong, 8-9 March 2013
Similar to Realising HK's knowledge-based economy potential as part of a rising China (9 March 2013) -- What got us here will not get us there! (20)
Our HK Foundation's report -- based on a draft provided by the Victor and William Fung Foundation through the work of Fung Business Intelligence Centre
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
"Impact of front-end architecture on development cost", Viktor Turskyi
Realising HK's knowledge-based economy potential as part of a rising China (9 March 2013) -- What got us here will not get us there!
1. Realizing Hong Kong's knowledge-based
economy potential as part of a rising China
Dr. Gordon McConnachie &
Mr. Alan Ka-lun Lung
Asia Pacific Intellectual Capital Centre, Hong Kong SAR, China
gmcconnachie@apicc.asia
alanlung@apicc.asia
Submitted to the Eighth Annual Conference of the
Asian Studies Association of Hong Kong (ASAHK 2013)
Reference number: P001(E)
Session 9A:
Business Sector in Hong Kong
Room 1, 4.30-6.00 pm, 9 March 2013
1
2. Abstract
Purpose -- The purpose of this paper is to examine prospects and to propose practical
measures that may be able to assist Hong Kong's next stage of economic transformation in
the context of Hong Kong as part of rising China.
Design/methodology/approach -- This paper takes the view that Hong Kong does not have
all the necessary success factors to transform itself into a world-class Knowledge-based
Economy. Many things inherent to California's Silicon Valley are missing in Hong Kong.
This paper begins by looking into the knowledge-based economic cluster brought to the
Oresund Region of Denmark and Sweden through the creation of the Øresund Bridge, a rail
and road link between Copenhagen, Denmark and Malmo, Sweden and continues to suggest
that a similar economic cluster could happen along a "Beijing-Guangdong-Hong Kong
Knowledge Corridor".
Findings -- Hong Kong and mainland China will have a better chance of success if each
could use the other's "External Economy of Scale". The paper also suggests that an
additional layer of economic cooperation could be created with Europe through participation
in the Enterprise Europe Network (EEN), the largest technology-transfer, technology-
commercialization and technology-trading network in the world owned by the European
Union.
Originality/value -- The viewpoint and economic development proposal are original ideas.
As a Chinese gateway that operates under a legal and administration system familiar to the
European countries, Hong Kong is in a good position to facilitate innovation and technology
cooperation between China, Europe and Hong Kong. The proposed idea, to be implemented
over the next ten to fifteen years, will probably be welcomed by business and governments in
Europe and in mainland China. However, Hong Kong does not necessarily see its own
unique potential. This paper suggests that support from trade and industries in Hong Kong
and from the HKSAR Government are needed before the "Knowledge Corridor" concept can
be turned into a reality.
Keywords -- Hong Kong, Knowledge-based Economy, Innovation & Technology, Beijing-
Guangdong-Hong Kong Knowledge Corridor, Oresund Region, Enterprise Europe Network,
Innovation Ecosystem, Innovation Strategy, 12th and 13th Five Year Plan of China.
Paper type -- This paper offers viewpoints on Hong Kong's economic development policy
and how they relate to Europe and mainland China.
2
10. i. The link between Knowledge‐based economy and the creation of high‐wage and
high‐quality employment;
ii. Productivity of developed economies is largely determined by the rate of
knowledge accumulation and technical progress;
iii. A new emphasis in government policies and support systems is needed,
particularly in science and technology, industry, education, knowledge
production, knowledge transfer and university/industry collaborations.
The Knowledge Economy is not just about creating or pushing back the frontier of
knowledge. It is also about the creation of wealth through commercialization of knowledge.
The OECD defined “Knowledge‐based Economies” as economies that are directly based on
the production, distribution and use of knowledge and information. It was estimated that
more than 50% of GDP in the major OECD economies is “Knowledge‐based”. There is a
higher demand for highly‐skilled workers in Knowledge Economies and correspondingly a
higher unemployment rate for those with lower‐secondary education. While OECD countries
have been losing jobs in the manufacturing industries, employment is growing in the
high‐technology, high‐skilled sectors such as computers and pharmaceuticals.
Moving Hong Kong towards knowledge‐based production is not a sharp break from the past
‐‐ nor is it a “sector‐based” support strategy as misunderstood by some opponents after
hearing “Knowledge‐based Economy” or “Innovation and Technology”. Facilitation from
HKSAR Government is probably necessary. Such a move should not be equated to Hong
Kong abandoning the “Free Market” principle. A coordinated policy and some facilitation
would support creative and scientific start‐ups, R&D outputs from Mainland China and in
Hong Kong and would absorb the supply of young university graduates effectively.
A coherent intellectual framework needed
Whether laissez‐faire still has a role in Hong Kong's future development is not a black‐and‐
white argument. As a developed and high‐cost economy, Hong Kong does not have much
choice other than to follow the examples of OECD and EU in climbing up the economic
ladder. Hong Kong needs to find a role and a market niche within the context of China’s
12th and 13th Five Year Plan and amongst the developed economies and developing
economies of the world.
Researcher that looked into innovation systems around the world, including the Taiwan
example, have identified the "Macro‐Meso‐Micro‐economic Framework"7. Innovation
systems around the world are increasingly seen as a system of organization and institutions
that deploy resource and therefore capacity to produce new knowledge and drive economic
development.
7
"The evolution of innovation systems" by Kastelle, Potts and Dodgson, School of Business, University of
Queensland.
10
15. About the authors
Dr. Gordon McConnachie, B.Sc., Ph.D
Dr Gordon McConnachie is the founding Chairman of the Scottish Intellectual Assets Centre
(2003- 2007) and Chief Technology Officer of Asia Pacific Intellectual Capital Centre. He is
a chemical engineer by training and he spent most of his working career with Dow Chemical
where he grew up together with the innovation and technology transfer systems of the world
as we know them today. At Dow Chemical Europe (1989 - 1999), he invented the IP and
Intellectual Assets Management System for the worldwide company together with Phil
Barnett and Gordon Petrash. The system was later modified and applied across the global
company, where Gordon transferred technologies from companies and universities into Dow
Europe which brought him into intimate contact with the EU Innovation Relay Centres (now
Enterprise Europe Network). From 1999 to 2002 Gordon directed the European Intellectual
Asset Management Services of PricewaterhouseCoopers. In 2009, 2010, 2011 and 2012
Gordon was placed on the Global IAM 250 list of leading IA Strategists, one of only a
handful of experts on the list from China and the ASEAN Nations. Dr Gordon McConnachie
can be contacted at: gmcconnachie@apicc.asia.
Mr. Alan Lung Ka-Lun
Alan Lung Ka-lun was born and educated in Hong Kong. He was also educated at the
University of Wisconsin in the USA and Wilfrid Laurier University in Canada. He chairs the
Hong Kong Democratic Foundation (www.hkdf.org), a political and public policy think tank
founded in 1989. Alan is skilled in converting his knowledge of governments and public
policies into practical steps to move forward “Knowledge Economy” initiatives. He is a
member of the Innovation and Technology Advisory Committee of the Hong Kong Trade
Development Council (HKTDC) and he has been promoting innovation and technology
practices in Hong Kong, Guangzhou and Beijing through the Asia Pacific Intellectual Capital
Centre (www.apicc.asia) (where he is Director and General Manager), since 2006. Alan Lung
Ka-Lun can be contacted at: alanlung@apicc.asia.
15