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Poverty in the Midst of AffluenceHow Hong Kong Mismanaged Its Prosperity$
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Leo F. Goodstadt

Print publication date: 2013

Print ISBN-13: 9789888208210

Published to Hong Kong Scholarship Online: May 2014

DOI: 10.5790/hongkong/9789888208210.001.0001

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Crisis Economics: Private Profits, Public Pain

Crisis Economics: Private Profits, Public Pain

(p.29) 1 Crisis Economics: Private Profits, Public Pain
Poverty in the Midst of Affluence

Leo F. Goodstadt

Hong Kong University Press

Hong Kong’s economic problems since 2000 are the official excuse for cuts in social spending. But the problems themselves are the outcome of deliberate choices made by Chief Executives and Financial Secretaries. These decisions were not forced on the SAR government by business leaders, even though their main aim was to promote business interests regardless of the adverse consequences for ordinary families and for the needy and disabled individuals. These policies were a legacy from the colonial era and reflect a deeply-rooted culture shared by the business and professional classes as well as the civil service.

Keywords:   Hong Kong, Poverty, Social welfare, Comprehensive Social Security Assistance, Healthcare, Education, Housing, Government policy, Legislation, Social inequality

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