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Diversity and Occasional AnarchyOn Deep Economic and Social Contradictions in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2013

Print ISBN-13: 9789888139446

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888139446.001.0001

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Contradictions in the Policy Environment

Contradictions in the Policy Environment

(p.25) 2 Contradictions in the Policy Environment
Diversity and Occasional Anarchy

Yue Chim Richard Wong

Hong Kong University Press

All activities require decisions. Resources are finite but there is an array of demands that must be satisfied. Every decision incurs opportunity costs, and they comprise the options associated with social, health, education and environmental issues. They are entirely economic in nature as they are subject to the law of scarcity in economics. Thereby, myriads of non-business activities can be provided and allocated through the marketplace, yet many of them are arranged beyond the “small government, big market” framework in Hong Kong.

Keywords:   Small government, big market framework, Law of scarcity, Opportunity costs, Policy environment, Contradictions, Hong Kong, China, Economy, Policies

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