Search

This paper probes the underlying motives behind the adoption of the 'creative city' policies in Shanghai, Hong Kong and Taipei. It argues that while the global appeal of the creative city is commonly attributed to urban entrepreneurialism, this reason alone is insufficient in explaining the so-called 'cultural turn' in these three cities, because none of them ascribe to the conventional format of the post-industrial 'entrepreneurial' city. In order to identify other major forces driving the adoption of creative city initiatives in Shanghai, Hong Kong and Taipei, this work delves into the ways in which the idea of the creative city is reworked within the context of global city making. The study found that in addition to urban entrepreneurialism, the inherited cultural policy agenda, which largely stems from national interests, also plays a significant role in directing (and changing) the 'global cultural city' making process. By looking into different roles attached to the 'imported' policy discourse of the creative city in Shanghai, Hong Kong and Taipei, this study not only contributes to the understanding of urban cultural policies within the Chinese-speaking world and East Asia more generally, but also lends some insights to the developing field of cultural policy mobility. [ABSTRACT FROM AUTHOR]

This paper examines the time-series behaviour of house prices for the four Asian markets, namely, Hong Kong, Singapore, Tokyo and Taipei, by using structural time-series methodology. The paper assumes two types of trend models to characterise and compare the long-run movement of house prices. It also examines the cyclical pattern hidden in the series. The long-run trend rate in these markets ranged between approximately 1.6 and 3.2 per cent per annum. Hong Kong, Singapore and Taipei have relatively higher figures, which could be expected in light of the rapidly growing economies. Surprisingly, their cyclical patterns were fairly similar, although causes of the cycles differed. The markets were found to have stochastic cycles of around one year, two to four years and seven to ten years, which were consistent with previous findings on real business cycles commonly observed internationally in other macroeconomic time series. However, the found stochastic nature suggests all these markets are not in a steady state and is still changing. [ABSTRACT FROM AUTHOR]

The article presents the author's comments on the articles about planning practices in different regions of Asia, published within the issue. From an essay over the Hong Kong Special Administrative Region, China he concludes that the planning in the region is suffering due to the influence of bureaucracy over the city's government. The politics in Taipei, Taiwan, he explains, is hampering the national development. The planning system is still under construction in Beijing, China.