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The Business Case for Poverty Alleviation in Hong Kong

Explore the risks of sustainability and the impact of the Washington Consensus on poverty alleviation in Hong Kong. Analyze the implications of strict fiscal discipline, reducing government deficits and taxes, and the need for public support. Investigate the role of social justice and sustainable development in preventing a widening gap in society.

ethan-bernard
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The Business Case for Poverty Alleviation in Hong Kong

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  1. HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT Albert LaiSeptember 2004 THE BUSINESS CASE FOR POVERTY ALLEVIATION

  2. Risk of Sustainability * Is this a Sustainable trend?

  3. An Embedded Ideology * Strict fiscal discipline * Reduce government deficits & taxes * Reduce role of state Washington Consensus * deregulation * Improve conditions for FDI * trade-oriental policies Washington Consensus vs Sustainable Development

  4. A Widening Gap Reducing ability to provide government support Increasing need for public support Worsening poverty Tax freeze structural deficit “jobless” growth globalizing forces * Is HK a victim of Washington Consensus ?

  5. Business Case for Poverty Alleviation Collapsing Vision of a Caring Society Threat to business / FDI environment Social risk Social justice POVERTY Sustainable development Lost capital, lost opportunities

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