Age, Biography and Wiki
John James Cowperthwaite was born on 25 April, 1915 in Edinburgh, Scotland, United Kingdom, is an administrator. Discover John James Cowperthwaite's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 91 years old?
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Occupation |
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Age |
91 years old |
Zodiac Sign |
Taurus |
Born |
25 April 1915 |
Birthday |
25 April |
Birthplace |
Edinburgh, Scotland, United Kingdom |
Date of death |
(2006-01-21) |
Died Place |
Ninewells Hospital, Dundee, Scotland, United Kingdom |
Nationality |
United Kingdom |
We recommend you to check the complete list of Famous People born on 25 April.
He is a member of famous administrator with the age 91 years old group.
John James Cowperthwaite Height, Weight & Measurements
At 91 years old, John James Cowperthwaite height not available right now. We will update John James Cowperthwaite's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
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Not Available |
Who Is John James Cowperthwaite's Wife?
His wife is Sheila Mary Thomson
Family |
Parents |
Not Available |
Wife |
Sheila Mary Thomson |
Sibling |
Not Available |
Children |
John James Hamish Cowperthwaite |
John James Cowperthwaite Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is John James Cowperthwaite worth at the age of 91 years old? John James Cowperthwaite’s income source is mostly from being a successful administrator. He is from United Kingdom. We have estimated
John James Cowperthwaite's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
administrator |
John James Cowperthwaite Social Network
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Timeline
According to Catherine R. Schenk, Cowperthwaite's policies helped it to develop from one of the poorest places on earth to one of the wealthiest and most prosperous: "Low taxes, lax employment laws, absence of government debt, and free trade are all pillars of the Hong Kong experience of economic development." The Economic Freedom of the World 2015 Report ranks Hong Kong as both the freest economy in the world, a distinction it has held since this index began ranking countries in 1975, and among the most prosperous.
He married Sheila Thomson in 1941. They had one son. He died in Scotland on 21 January 2006, aged 90; his son predeceased him.
After leaving his retirement, he was international adviser to Jardine Fleming, the Hong Kong–based investment bank until 1981. He retired and left Hong Kong for St Andrews, Scotland and became a member of The Royal and Ancient Golf Club of St Andrews.
Throughout the 1960s, Cowperthwaite refused to implement free universal primary education, contributing to relatively high illiteracy rates in today's older generation. Compulsory education was only introduced under the governorship of Sir Murray MacLehose the next decade. 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. It would later become one of the world's most heavily utilised (and profitable) railways.
In 1960, he was appointed as an Officer of the Most Excellent Order of the British Empire (OBE) and, in 1964, a Companion of the Most Distinguished Order of Saint Michael and Saint George (CMG). He later became a Knight Commander of the Most Excellent Order of the British Empire (KBE) in 1968.
He arrived in Hong Kong in 1945 and was assigned to the Department of Supplies, Trade and Industry. 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. It was a policy mix that drew more on Adam Smith and Gladstone than on Keynes and Attlee. However, Cowperthwaite was a pragmatic civil servant rather than a theoretician and he based his policies on his experience, empirical data and what he believed would work in practice.
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. 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%.
Cowperthwaite was born on 25 April 1915 in Edinburgh to John Cowperthwaite, a surveyor of taxes, and Jessie Jarvis. He attended Merchiston Castle School in Edinburgh, Scotland, and later studied classics at St Andrews University and Christ's College, Cambridge. In 1940, he gained a first class degree in economics at St Andrews University on an accelerated one year degree programme with Professor James Nisbet. He joined the British Colonial Administrative Service as a Hong Kong Cadet in 1941, but during World War II was posted to Sierra Leone instead because of the Japanese invasion of Hong Kong.