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20 Years After the Hong Kong Handover

Videos

Since Hong Kong returned to Chinese sovereignty on July 1, 1997, it has remained one of Asia's freest and most successful cities. But China’s tightening grip raises the question: What happened to “one country, two systems” ?

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  1. op_dervis1_Mikhail SvetlovGetty Images_PutinXiJinpingshakehands Mikhail Svetlov/Getty Images

    Cronies Everywhere

    Kemal Derviş

    Three recent books demonstrate that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

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