John James Cowperthwaite

Sir John James Cowperthwaite, KBE, CMG (Chinese: 郭伯偉爵士; 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.

[1] 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%.

[3] Cowperthwaite built on the economic policies of his predecessors, Arthur Clarke and Geoffrey Follows, promoting free trade, low taxation, budget surpluses, limited state intervention in the economy, a distrust of industrial planning, and sound money.

[9] At a time when Hong Kong's roads were crippled by traffic congestion, Cowperthwaite also steadfastly opposed construction of the Mass Transit Railway, a costly undertaking which was nevertheless built following his retirement.