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Fixing Inequality in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2017

Print ISBN-13: 9789888390625

Published to Hong Kong Scholarship Online: January 2018

DOI: 10.5790/hongkong/9789888390625.001.0001

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Policies for Addressing Near-Poverty

Policies for Addressing Near-Poverty

(p.85) 10 Policies for Addressing Near-Poverty
Fixing Inequality in Hong Kong

Yue Chim Richard Wong

Hong Kong University Press

The primary reason for poverty is that people are unmotivated to work, whether due to poor health, poor education, poor work habits, limited opportunities to take up good jobs, or other reasons. To change this, they need a goal worth reaching for, not a drip to keep them just alive. Income redistribution has its role, but without economic opportunities we will end up only with a crowded ward of sick patients. Poverty has to be solved by economic growth. Income redistribution without economic growth cannot solve poverty; in the long run, it will break the back of our economy and our public finances. Hong Kong does not have a big problem of destitute people but a huge problem of households in near-poverty that do not see a future for themselves and their children.

Keywords:   Globalization, Poverty alleviation, Third Industrial Age, Family, Gini-coefficient, Divorce

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