Hong Kong’’s Economic and Financial Future

Y. F. Luk is lecturer in the School of Economics and Finance of the University of Hong Kong and editor at the Hong Kong Centre for Economic Research. He previously was lecturer in the Department of Economics of the Chinese University of Hong Kong. Dr. Luk received his A.B. degree in economics from the University of Chicago and his doctorate in economics from Cornell University. His academic interests are monetary economics, banking and finance, and international finance. His recent research has focused on money and banking in mainland China and the Hong Kong economy. Gerrit W. Gong holds the Freeman Chair in China Studies at CSIS and has directed the CSIS Asian Studies Program since 1989. Dr. Gong’s government experience includes service in the U.S. State Department as Special Assistant to Under Secretary of State for Political Affairs Michael H. Armacost and Special Assistant to U.S. Ambassadors Winston Lord and James Lilley at the U.S. Embassy in Beijing. He was a fellow in Sino-Soviet Studies at CSIS from 1981 to 1985. He has also served on the faculties of The Johns Hopkins University School of Advanced International Studies and Oxford University. He is author of The Standard of Civilization in International Society (Clarendon Press, 1984) and has published articles in foreign policy journals in both the United States and Asia, including A Cross-Strait Summit? Some Observations from Washington, in the January 16, 1995, issue of the China Times in Taipei; The Southeast Asian Boom with Keith W. Eirinberg; Defining a New Consensus for U.S. China Policy, in U.S. China Policy: Building a New Consensus; and China’s Fourth Revolution, The Washington Quarterly Winter 1994. In May 1994, in testimony before the U.S. Senate Subcommittee on East Asian and Pacific Affairs, Dr. Gong presented Defining a New Consensus for U.S. China Policy. Erik R. Peterson oversees the development and execution of the Center’s broad-based research agenda. He also directs the CSIS publications program, which includes the Washington Papers and Significant Issues series, and serves as editor in chief of the Center’s journal, The Washington Quarterly Peterson came to the Center from Kissinger Associates, where he was director of research and head of the firm’s Washington, D.C. office. Among his writings are Looming Collision of Capitalisms? The Washington 80 Quarterly, Spring 1994, and reprinted in Eugene R. Wittkopf (ed.), The Global Edition (New York: McGraw-Hill, 1994); An Agenda for Managing Relations with Russia and The Enterprise for the Americas Initiative and a U.S.-Chilean FTA, in Robert E. Hunter and Erik R. Peterson (eds.), Agenda ’93: CSIS Policy Action Papers, December 1993; The Gulf Cooperation Council: Search for Unity in a Dynamic Region (1988); and The Outlook for the GCC in the Postwar Gulf in J. E. Peterson, ed., Saudi Arabia and the Gulf States (1989). Peterson holds an M.B.A. in finance and international business from the Wharton School of the University of Pennsylvania (1991). He received an M.A. in international law and economics from the Paul H. Nitze School of Advanced International Studies at The Johns Hopkins University and a B.A. in international affairs from Colby College. He also holds the Certificate of Eastern European Studies from the University of Fribourg in Switzerland.