Examines the impact of liberalization rice in Hong Kong in 2003, after 48 years in which regulated. The import restrictions imposed by the government implemented to avoid price instability against unforeseen fluctuations. Rice has been approved by a defined number of importers of the government imported and the amounts were revised annually. Large stocks were required to be maintained in the event of supply shortages. Both the import quota and the conservation of resources costs involved … Read more »

Examines the impact of liberalization rice in Hong Kong in 2003, after 48 years in which regulated. The import restrictions imposed by the government implemented to avoid price instability against unforeseen fluctuations. Rice has been approved by a defined number of importers of the government imported and the amounts were revised annually. Large stocks were required to be maintained in the event of supply shortages. Both the import quota and the conservation of resources involved costs that consumers have been transferred. Provides a study of government intervention in a market, the cost to consumers works against its objectives and transfers.
«Hide

from
Ka-Fu Wong,
Carola Ramon-Berjano
Source: University of Hong Kong
20 pages.
Release Date: 12 January 2005. Prod #: HKU362-PDF-ENG
Trade Liberalisation: The Case of the rice market in Hong Kong HBR case solution