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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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The Challenge of Poverty, Near-Poverty, and Inequality in 21st-Century Hong Kong

The Challenge of Poverty, Near-Poverty, and Inequality in 21st-Century Hong Kong

Chapter:
(p.289) 40 The Challenge of Poverty, Near-Poverty, and Inequality in 21st-Century Hong Kong
Source:
Fixing Inequality in Hong Kong
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888390625.003.0040

The essays in this volume show that poverty, near-poverty, and inequality are multi- faceted conditions. They have coalesced into a growing economic and social condition in Hong Kong, which is also developing into a difficult political problem. The origins can be traced to the effects of economic globalization and China’s opening in the 1980s. It then grew during the late 1990s and worsened in the early 21st century. Many rich cities in the world have experienced similar phenomena. First, a small fraction of the population is in poverty; some may even be destitute. Second, the middle class begins sinking as growing numbers of its members become less able to afford a comfortable life in the manner they are used to. Third, income inequality and inequality in the ownership of wealth rise, especially as a result of escalating property prices. Unlike in other places, in Hong Kong these conditions are developing at a faster pace and with greater severity.

Keywords:   Poverty, Near-poverty, Inequality, Housing, Retirement, Medical and health, Middle class, Education, Divorce

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