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John James Cowperthwaite
Sir John James Cowperthwaite, KBE, CMG (; 25 April 1915 – 21 January 2006), was a British civil servant who served as Financial Secretary of Hong Kong from 1961 to 1971. His introduction of free market economic policies are widely credited with turning postwar Hong Kong into a thriving global financial centre. During Cowperthwaite's tenure as Financial Secretary, real wages in Hong Kong rose by 50% and the portion of the population in acute poverty fell from 50% to 15%. Early years Cowperthwaite was born on 25 April 1915 in Edinburgh to John Cowperthwaite, a surveyor of taxes, and Jessie Jarvis. He attended Merchiston Castle School in Edinburgh, Scotland, and later studied classics at St Andrews University and Christ's College, Cambridge. In 1940, he gained a first class degree in economics at St Andrews University on an accelerated one year degree programme with Professor James Nisbet. He joined the British Colonial Administrative Service as a Hong Kong Cadet in 1941, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Honourable
''The Honourable'' (British English) or ''The Honorable'' (American English; see spelling differences) (abbreviation: ''Hon.'', ''Hon'ble'', or variations) is an honorific style that is used as a prefix before the names or titles of certain people, usually with official governmental or diplomatic positions. Use by governments International diplomacy In international diplomatic relations, representatives of foreign states are often styled as ''The Honourable''. Deputy chiefs of mission, , consuls-general and consuls are always given the style. All heads of consular posts, whether they are honorary or career postholders, are accorded the style according to the State Department of the United States. However, the style ''Excellency'' instead of ''The Honourable'' is used for ambassadors and high commissioners. Africa The Congo In the Democratic Republic of the Congo, the prefix 'Honourable' or 'Hon.' is used for members of both chambers of the Parliament of the Democratic Repu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policies
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clement Attlee
Clement Richard Attlee, 1st Earl Attlee, (3 January 18838 October 1967) was a British politician who served as Prime Minister of the United Kingdom from 1945 to 1951 and Leader of the Labour Party from 1935 to 1955. He was Deputy Prime Minister during the wartime coalition government under Winston Churchill, and served twice as Leader of the Opposition from 1935 to 1940 and from 1951 to 1955. Attlee remains the longest serving Labour leader. Attlee was born into an upper-middle-class family, the son of a wealthy London solicitor. After attending the public school Haileybury College and the University of Oxford, he practised as a barrister. The volunteer work he carried out in London's East End exposed him to poverty, and his political views shifted leftwards thereafter. He joined the Independent Labour Party, gave up his legal career, and began lecturing at the London School of Economics. His work was interrupted by service as an officer in the First World War. In 1919, he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Ewart Gladstone
William Ewart Gladstone ( ; 29 December 1809 – 19 May 1898) was a British statesman and Liberal politician. In a career lasting over 60 years, he served for 12 years as Prime Minister of the United Kingdom, spread over four non-consecutive terms (the most of any British prime minister) beginning in 1868 and ending in 1894. He also served as Chancellor of the Exchequer four times, serving over 12 years. Gladstone was born in Liverpool to Scottish parents. He first entered the House of Commons in 1832, beginning his political career as a High Tory, a grouping which became the Conservative Party under Robert Peel in 1834. Gladstone served as a minister in both of Peel's governments, and in 1846 joined the breakaway Peelite faction, which eventually merged into the new Liberal Party in 1859. He was chancellor under Lord Aberdeen (1852–1855), Lord Palmerston (1859–1865) and Lord Russell (1865–1866). Gladstone's own political doctrine—which emphasised equalit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geoffrey Follows
Sir Charles Geoffry Shield Follows (4 July 1896 – 7 August 1983) was a British colonial administrator. He was the Financial Secretary of Hong Kong from 1946 to 1951. Early life and education Follows (whose second name is also spelt Geoffrey) was born in West Derby, Lancashire, to Arthur John Follows and Gertrude Lancaster. He was educated at Wellington School, Somerset and Imperial College London's Royal College of Science (then part of the University of London). Career Follows served as a Lieutenant in The King's (Liverpool Regiment) in the First World War. He joined the colonial service after the war. He was appointed to Seychelles from 1920 to 1925, Gibraltar from 1925 to 1927, Northern Rhodesia as the Chief Secretary from 1935 to 1945. He was appointed Chief Financial Advisor to the Civil Affairs Unit in Hong Kong's post-war military administration reporting to David MacDougall (Chief Civil Affairs Officer). When civilian government was restored on 1 May 1946 he was ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Invasion Of Hong Kong
The Battle of Hong Kong (8–25 December 1941), also known as the Defence of Hong Kong and the Fall of Hong Kong, was one of the first battles of the Pacific War in World War II. On the same morning as the attack on Pearl Harbor, forces of the Empire of Japan attacked the British Crown colony of Hong Kong, without declaring war against the British Empire. The Hong Kong garrison consisted of British, Indian and Canadian units, also the Auxiliary Defence Units and Hong Kong Volunteer Defence Corps (HKVDC). Within a week the defenders abandoned the 2 of the 3 territories of Hong Kong (Kowloon and New Territories) on the mainland, and less than two weeks later, with their last territory Hong Kong Island untenable, the colony surrendered. Background Britain first thought of Japan as a threat with the ending of the Anglo-Japanese Alliance in 1921, a threat that increased throughout the 1930s with the escalation of the Second Sino-Japanese War. On 21 October 1938 the Japanese occupie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sierra Leone
Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the northern half of the nation. Covering a total area of , Sierra Leone has a tropical climate, with diverse environments ranging from savanna to rainforests. The country has a population of 7,092,113 as of the 2015 census. The capital and largest city is Freetown. The country is divided into five administrative regions, which are subdivided into Districts of Sierra Leone, 16 districts. Sierra Leone is a constitutional republic with a unicameral parliament and a directly elected executive president, president serving a five-year term with a maximum of two terms. The current president is Julius Maada Bio. Sierra Leone is a Secular state, secular nation with Constitution of Sierra Leone, the constitution providing for the separation of state and religion and freedom of conscience (which includes freedom of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Administrative Service
The Colonial Service, also known as His/Her Majesty's Colonial Service and replaced in 1954 by Her Majesty's Overseas Civil Service (HMOCS), was the British government service that administered most of Britain's overseas possessions, under the authority of the Secretary of State for the Colonies and the Colonial Office in London. It did not operate in British India, where the same function was delivered by the Indian Civil Service, nor in the Anglo-Egyptian Sudan, which was administered by the Sudan Political Service, nor in the internally self-governing colony of Southern Rhodesia. History The British Government's overall responsibility for the management of the territories overseas in the early 19th century lay with successive departments dealing with the various colonies and "plantations", until in 1854 a separate Colonial Office was created headed by a Secretary of State for the Colonies. That office was not responsible for the territories of the Indian Empire, including Burma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Wilke Nisbet
James Wilke Nisbet (1903–1974) was a Scottish economist. He gained a double first in economic science and philosophy, and an LLB with distinction at the University of Glasgow. Between 1926 and 1931 he served as assistant to W. R. Scott W. R. Scott was a children's literature publisher based in New York City that specialized in visually striking books with a contemporary educational philosophy. W. R. Scott's first editor was Margaret Wise Brown; the company also published a nu ..., the Adam Smith Professor of Political Economy at the University of Glasgow. After he moved to St Andrews University in 1935 as a lecturer in political economy, he was promoted to reader in 1938 and professor in 1947. He was a classical economist and a believer in free trade. He published his first book, ''A Case for Laissez-Faire'', in 1929. He also wrote on banking and finance and on how to improve living standards. His students included Sir Alan Peacock, later Professor of Economics at the Univ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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