Old development models no longer work. We must all find our own path

Andrew Sheng, Distinguished Fellow of Asia Global Institute, has recently shared his views in South China Morning Post on how mainstream economic models have ignored the role of finance and highlights the blind spots it created, such as underpricing pollution and assuming political stability. He emphasizes the need for countries to adopt new development models and calls for Hong Kong, with its vibrant equity market, to rethink its role in development finance to address the changing times.

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