Jump to ContentJump to Main Navigation
Fixing Inequality in Hong Kong$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2022. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 23 May 2022

Social Programs, Third-Sector Competition, and Transparency

Social Programs, Third-Sector Competition, and Transparency

(p.76) 9 Social Programs, Third-Sector Competition, and Transparency
Fixing Inequality in Hong Kong

Yue Chim Richard Wong

Hong Kong University Press

Why have the welfare states of the rich countries of the West, which transfer on average nearly a quarter of GDP from the rich to the poor, failed to alleviate poverty? And why has inequality widened in recent decades in these countries? The liberals in these countries—intellectuals and politicians—continue to argue for more public transfers. But if income redistribution could solve poverty, should it not have done so by now? The illusion that poverty can be solved through income redistribution is the key reason why so many rich economies have become saddled with public debt: in some countries it approaches 100% and even 200% of GDP.

Keywords:   Welfare, Alleviate, Poverty, Near poverty, Income redistribution, Economic growth

Hong Kong Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .