Is Hong Kong Entrepreneurship Declining?
Is Hong Kong Entrepreneurship Declining?
This chapter examines the relationship between entrepreneurship and a particular kind of education process termed credentialism. An entrepreneurial spirit is essential to the dynamism of a commercial society like Hong Kong. It has facilitated the circulation of people, goods, and ideas and is a quality most Hong Kongers have taken pride in. However, this force seems to have declined since the 1980s. The Global Entrepreneurship Monitor (GEM) reports that the territory's total entrepreneurial activity index scores low. In light of new opportunities on the mainland, one has to ask if this generation of Hong Kongers has been prepared well enough to explore them. Professionals in the creative industries have crossed the border to seek strategic alliances with mainland counterparts.
Keywords: credentialism, commercial spirit, creative industries, GEM, entrepreneurial activity
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