Last colonial spatial plans for Hong Kong: Global economy and domestic politics

1999 ◽  
Vol 7 (2) ◽  
pp. 207-229 ◽  
Author(s):  
Reginald Yin‐Wang Kwok
Author(s):  
Matthew A. Shadle

In recent years the economy has become globalized. Globalization is the increased flow of goods, services, capital, people, and culture facilitated by innovations in transportation and communication technologies. This chapter examines the phenomenon of globalization and its impact on Catholic social teaching. It looks, in particular, at Pope Benedict XVI’s encyclical Caritas in Veritate. Pope Benedict criticizes how the current global economy exploits and excludes vulnerable populations around the world. Caritas in Veritate further develops the communio framework initiated by John Paul II and proposes that the communion of the three Persons of the Trinity provides a model for the shape globalization should take, recognizing unity in the midst of diversity. The chapter also looks at how Catholic social thought itself is globalizing, examining in particular the work of Mary Mee-Yin Yuen from Hong Kong and Stan Chu Ilo from Nigeria.


2009 ◽  
Vol 43 (02) ◽  
pp. 97-119 ◽  
Author(s):  
KIM MING LEE ◽  
CHING YIN CHENG

Rising economic inequality becomes an important concern for both advanced and developing countries. Nonetheless, political and business elites around the world never question the neoliberal agenda, despite economic crises happening every now and then. The year 2007 may mark the turning point of neoliberal globalisation. As the global financial tsunami kicked off from the burst of the subprime mortgage bubble in the United States in 2007, the global economy is facing an economic hardship never heard of since the Great Depression in the 1930s. Hong Kong as a highly open economy is also severely hurt by the financial tsunami. In every economic recession, all Hong Kong people suffer, but lower classes suffer most. This raises a serious question about whether the current social protection system adequately protects people against an increasingly risky global economic environment. By examining the social policy package adopted by the HK government in fighting against the financial tsunami, we show the lack of long-term strategies and commitments of the government in protecting HK people against globalisation risks and economic insecurity. By drawing experiences from other countries, we suggest that active labour market policies (ALMPs) may be the social policy tools the government can use to reform the social protection system.


2010 ◽  
Vol 110 (9) ◽  
pp. 1319-1336 ◽  
Author(s):  
G.T.S. Ho ◽  
K.L. Choy ◽  
S.H. Chung ◽  
C.H.Y. Lam

PurposeThe purpose of this paper is to identify the factors, such as the different strategies adopted and the size of the company, that have a significant determining impact on the financial performance of companies in extreme circumstances.Design/methodology/approachThe research target of this paper is the small and medium enterprises (SMEs) in Hong Kong. This is quantitative research and it is done on a survey basis, which includes hypothesis setting and statistical analysis. In addition, constructive suggestions are given to companies after analyzing the current situation.FindingsIn total, ten factors from four dimensions are determined as the critical strategies for the company to adopt in an uncertain financial situation. The result shows the influence of different factors on return on investment for the companies with different backgrounds.Practical implicationsThe business environment today is full of turbulence and uncertainties; this, along with the fierce global competition, means that manufacturers are all struggling to survive. The financial tsunami that has swept across the global economy is believed to be the most catastrophic in living memory. Therefore, this research will be especially valuable and useful to companies which wish to achieve excellence in business performance in spite of such a global disaster.Originality/valueManufacturers worldwide have suffered badly from the impact of the financial tsunami. The SMEs in Hong Kong are certainly not an exception. However, under the same adverse conditions, some have been able to maintain their stability or even thrive. The findings suggest some specific corporate strategies which will enable companies to survive and remain competitive.


2015 ◽  
Vol 21 (2) ◽  
pp. 257-282 ◽  
Author(s):  
Mike W. Peng ◽  
Canan C. Mutlu ◽  
Steve Sauerwald ◽  
Kevin Y. Au ◽  
Denis Y.L. Wang

Purpose – This paper aims to explore the interlock-performance relationship among mainland Chinese firms listed in Hong Kong by taking advantage of a relationship-intensive context whereby such a link is likely to be especially important. Although strategic networks such as interlocking directorates have been found to affect a number of strategic behaviors, the link connecting board interlocks and corporate performance has remained ambiguous. Considerable light has been shed on the strategic networks of firms whose shares are listed abroad, which have been under-studied despite their rising importance in the global economy. Design/methodology/approach – Data come from a particularly interesting historical period – the early 1990s prior to Hong Kong’s 1997 handover to China. Both quantitative and qualitative research have been used. Findings – Empirically, it was found that good performance in an earlier period helps draw outside directors in a later period, and that network centrality and certain types of interlocks help improve performance, albeit with varying degrees. Overall, our results answer the question whether strategic networks such as interlocks matter for corporate performance with a qualified “yes”. Originality/value – Taking advantage of a relationship-intensive context, this article explores the interlock-performance relationship among mainland Chinese firms listed in Hong Kong. Focus is specifically on the two years, 1993 and 1995, due to their specific historical importance because these two years represent the beginning of Chinese firms’ listing in Hong Kong.


2016 ◽  
Vol 24 ◽  
pp. 58 ◽  
Author(s):  
Theresa Alviar-Martin ◽  
Mark Baildon

This qualitative, comparative case study examined global civic education (GCE) in the Asian global cities of Hong Kong and Singapore. Guided by theories that position curriculum at the intersection of discourse, context, and personal meaning-making, we sought to describe the ways in which intentions for GCE reflect broader societal discourses of citizenship and how curricula allow students to tackle tensions surrounding national and global citizenship. We found that Singapore and Hong Kong have adopted depoliticized forms of citizenship as a means of inoculation against global ills. These types of citizenship are more nationalistic than global in nature; moral rather than political; and focused mainly on utilitarian goals to produce adaptable workers able to support national economic projects in the global economy. Although critical, transnational, and other emergent civic perspectives are apparent in both cities, the data yielded little evidence of curricular opportunities for students to become exposed to alternative discourses and reconcile discursive contradictions. The findings inform current literature by illuminating the nexus of local and global discursive practices, implicating the ability of curricula to accommodate both novel and established civic identities, and forwarding suggestions to bridge disconnections between theoretical and local curricular definitions of global citizenship. 


Author(s):  
Jonas Nahm

In an era of rapid international economic integration, how do countries interact, innovate, and compete in industries, like energy, that are fundamental to national interests? Collaborative Advantage: Forging Green Industries in the New Global Economy examines the development of wind and solar industries, two sectors of historic importance that have long been the target of ambitious public policy. As wind and solar grew from cottage industries into $300 billion global sectors, China, Germany, and the United States each developed distinct constellations of firms with starkly different technical capabilities. The book shows that globalization itself has reinforced such distinct national patterns of industrial specialization. Economically, globalization has created opportunities for firms to specialize through collaboration with others. Politically, new possibilities for specialization have allowed firms to repurpose existing domestic institutions for application in new industries. Against the backdrop of policy efforts that have generally failed to grasp the cross-national nature of innovation, the book offers a novel explanation for both the causes of changes in the global organization of innovation and their impact on domestic politics. As interdependence in global supply chains has again come under fire in the wake of the Covid-19 pandemic, Collaborative Advantage challenges the notion that globalization is primarily about competition, highlighting instead the central role of collaboration in the global economy, particularly in clean energy industries critical to solving the climate crisis.


2019 ◽  
pp. 56-63
Author(s):  
Eni Lestari ◽  
Promise Li

The precarious state of migrant workers has become a major area of concern for the contemporary global economy. In Southeast Asian regions in particular, the number of migrant workers has spiked since the 1990s. In the city of Hong Kong, domestic migrant workers, predominantly Filipino and Indonesian women, now make up around a tenth of the total working population. Since the beginning of Southeast Asia's labor diaspora, activists have been fiercely organizing against the rampant exploitation and abuse of migrant workers.


1993 ◽  
Vol 25 (2) ◽  
pp. 273-291 ◽  
Author(s):  
R Grant

In this paper, US and Japanese trade policies are examined from an institutional perspective: an approach taken with renewed interest by researchers in political science and economics. An attempt is made, by taking this approach, to bridge international and domestic politics by positioning state institutions at the center of analysis. The institutional framework is situated within a cyclical context of Kondratieff cycles in the global economy. The findings demonstrate that the US and Japanese governments have altered their trade policies according to broader cyclical developments in the global economy. US and Japanese trade policies can be seen as the reverse of each other: the US pursued a policy of liberalization up to the 1970s, whereas Japan entertained protectionism, and recently the two have switched roles.


Author(s):  
Andrew Toland

This chapter examines a proposal made by Hong Kong tycoon Gordon Wu to construct an artificial island in Hong Kong’s territorial waters in the late 1980s. His scheme has echoes in the Hong Kong government’s current plan to construct an “East Lantau Metropolis” on an artificial island in a similar same location. A close examination of Wu’s proposition reveals how it served not just commercial ambitions, but also expressed a more complex set of aims playing out through geopolitical intrigue and late-colonial domestic politics, as well as maneuverings for private dominance of urban and regional infrastructure. At an even more ulterior level, these activities additionally attempted an unconscious restructuring of the intercultural formations of nature(s) and landscape as they have emerged in Hong Kong.


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