Investigates the effects of liberalization of rice in Hong Kong in 2003, after 48 years, are not regulated. The import restrictions imposed by the Government have been implemented to avoid the volatility of unanticipated fluctuations. Rice was imported by a certain number of importers, authorized by the government, and the amounts have been revised annually. Large reserves were to be maintained in case the supply shortages. Both import quota system and the maintenance of stocks involved costs that were passed to consumers. Provides a study of government intervention in the market, which works against the goals and transfer costs to consumers. "Hide
by Ka-Fu Wong, Carola Ramon-Berjano Source: University of Hong Kong, 20 pages. Publication Date: January 12, 2005. Prod. #: HKU362-PDF-ENG
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