The article talks about how Hong Kong’s economy (that specialized in exportation) was threatened by rising global tariffs, which made them promote incentives to switch towards a domestic market. Government would then have minimal control, letting money become more productive in the hands of taxpayers. 

 

This article reminds me of the “invisible hand” concept by Adam Smith which says that states should not take action. We also see the concept of lassiez-faire by letting the economy (money) take its own course without interrupting it. I would say that this also refers to Hayek’s theory. 

 

This article reminds me of the Washington Consensus because Britain in a sense is progressing towards macroeconomic stability. This is being done through liberalizing the free trade and foreign investment. If trade opens up then markets can progress. This also allows for competitive advantage, so that the specialized product can be traded. 

 

This connects to foreign direct investment because a firm is acquiring controlling interest in assets of another country. In this article, we can see that FDI is good because it allows the country to develop by bring in jobs and increasing technology. Also, the FDI generates growth (monetarily).   

This article reminds me of the spillover growth. Since China is the leading country in electric cars the other countries (U.S.) want to use the same model but modify it, so that in the end is better. Sustainability is also a factor that relates to UN’s sustainable growth plan. 

 

This article reminds me of Hayek, because the states in this case the president has minimal control of the economy, rather the market is spontaneous it steers itself. This can also connect to neoliberalism, because the policy cut allows for free market to occur, through a natural evolution.