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em Academic Research Repository at Institute of Developing Economies


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Ever since the handover of the territory in 1997, Hong Kong has had its own unique law and its own economic system and international legal personality, and has not been integrated with Mainland China. The Basic Law guarantees the uniqueness of the Hong Kong SAR until 2047. But close economic ties between Hong Kong and the Mainland will promote closer economic integration. The Basic Law limits only a customs union and the introduction of a single currency, but not the formation of a Free Trade Agreement (hereafter FTA) and monetary union. FTA has already been realized in the form of the Closer Economic Partnership Arrangement (hereafter CEPA). The Hong Kong SAR government, including the bureaucrat as well as the Chief Executive Tung Chee Hwa, was opposed to, and hesitant towards, the formation of a regional trade agreement with the Mainland, but the business community made them to adopt a positive attitude towards the CEPA. It is unclear how much integration can been deepened, but it can be argued that the current policy of the Hong Kong SAR is too supportive of business, and an excessive degree of economic integration may threaten the uniqueness of Hong Kong. But if Hong Kong achieves democracy and enjoys complete autonomy, it will be easy for economic integration to co-exist with the 'One Country, Two Systems' approach, in the interests of the business community and of the citizens of the SAR.

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The mission of the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) is to make intellectual contributions to the world. In 2006 IDE officially launched its Institutional Repository, ARRIDE based on DSpace to accomplish the mission more effectively. ARRIDE was designed as a three server structure; external server, internal server and development server. Since IDE has copyright on the articles produced by its research staff through their research activities, it can deposit these articles without asking authors for permission, which guarantees sustainability of the Repository. In order that contents in ARRIDE are accessed worldwide IDE has been providing various search engines with proper metadata. Among them, RePEc that is a decentralized database on social sciences is very important.