♦ CHAPTER SIXTEEN ♦Global RuleHow international trade agreements are creating new corporate rights

THE DAY THAT CORPORATIONS gained the right to vote—July 1, 1997— Hong Kong was unpleasantly hot and sticky, at least for the human beings who marked the occasion. Of course, the corporations themselves didn’t mind. As the Union Jack went down and the flag of the People’s Republic of China flew for the first time over the Hong Kong Special Administrative Region, a new “mini-constitution” went into effect, designed by shipping tycoon Tung Chee Hwa and supported by the Beijing government and the Communist Party. It divided the sixty seats in Hong Kong’s new legislature as follows: twenty elected by voters, ten elected by a selection committee ...

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