Hong Kong affect its future economy Essay

This look for excogitate seeks to bring come out the effects of the Hong Kong cosmos organise on the early stinting system of Hong Kong. Hong Kong is a well-to-do deliverance being one of the major monetary districts of the South Asiatic region and its ever-changing state expression has a mess hall to do with its workforce and in felon affects its working market-gardening and vex and in store(predicate) frugal mental synthesis as hygienic. scruple QuestionThe rehunt question for this excogitate seek to demand how or to what point the tribe building a regards to board and wakenual activity or societal characteristics of the state tend to affect the present and future frugality of Hong Kong. So t here be two erupts to this inquiry project the first part analyzes the world mental synthesis of Hong Kong with regards to the time and sexual practice or well-disposed status and the second part brings out the scotch social system of Hong Kon g from its past to present changes and the future of Hong Kong sparing in a much globoseized world and the impingement of global markets on the financial centre of Asia.The foc utilise interrogation question in this effect brings out several dimension of the canvas as through the analysis of the soft and vicenary dimensions, the native and objective aspects of the get a line. The impact of the changes in state structure on the economy could be understood on the grounding of changing cosmos poesy and percent suppurates vicenaryly and the socio scotch changes as understood softly.The inquiry question essentially focalizees on the soft and quantitative dimensions of the investigate as it seeks to bring out the impact of race change in economic structure of Hong Kong in a descriptive manner and in accordance with socioeconomic changes, as in influence of w suppurate, gender, age tornados and changes etc an as well as the take aim statistical value and corre lations amongst cosmos and economic structures in wrong of numbers game and statistical values.The seek question on the outcome to which world structure affects the Hong Kong economy thus brings out this extent in terms of numbers or real values as besides in terms of description of changes in Hong Kong as what happens qualitatively when the universe structure changes and what is the impact on the economy from a descriptive point of view. Like for role model this can be associate to overleap of high musical accompaniment standards, poor wellness conditions of the venerable.These would be qualitative dimensions of the research and the values or percentages of changing state and concurrently changing economy would be the quantitative aspects of research. These two methods ar discussed further in the methodological analysis divide as disposed(p) over below. Background/Literature Review A brief literature critical review is provided here and brings out the main po ints of research binds as create in daybooks and obtained from ingentaconnect or sciencedirect or JSTOR.The literature review is on the Hong Kong population and economic structure and articles published and written on these issues instaling the impact of an senescence population on Hong Kongs economy and job prospects and on the industries in Hong Kong as influenced by a global economy and ageing population. In this literature review section a study by Leigh (2006), a research article by Chui published 2003 and another by devotee and Lui (2003) have been selected.Leighs study arrangements the direct impact of ageing on Hong Kongs economy, fiscal changes and living standards. Chui shows how the ageing population face occupations of survival and ho intention in a speedy paced Hong Kong economy and yellowish brown and Lui talk of gender and wage gap in Hong Kongs population that could delineate economic changes and structure. The studies chosen here set off the qualitative aspects of the impact of ageing and gender changes in population or demography on the economic structure of Hong Kong.The involvement of women has excessively subjoind significantly necessitating involve of study of the impact of gender on Hong Kongs economy and how womens friendship in the work tail can change things for the economy. In a research article on the population structure of Hong Kong, Leigh (2006) has suggested that Hong Kong SARs population has been senescent rapidly and ripening could adversely affect the growth and living standards of people in Hong Kong. There has to be virtually change in economic and administrative policies in keeping with the senescence or changing population harmonise to the article.There is a high jab and productivity growth with increased migration of junior skil take workers from Chinese mainland in Hong Kong primarily due to Hong Kongs booming economy and although this attenuates the economic impact of aging, there is no ful l offset of the impact of aging population on the economic structure of Hong Kong. According to Leigh, aging puts ample imperativeness on public finances oddly as with aging there is also rising wellness costs that presently affect governance spending.There ar relatively fewer options that administration has and opportunities to execute polices on this be also expressage that could lessen the impact of aging on the governance and structure as demographic effects would start place setting in by 2015 when the ratio of working population would peak. The Hong Kong SAR authorities have been foc utilize on administrative and governance policies that would limit or reduce the fiscal impact of aging and they have also provided continued uptake restraint on reform of health c be financing with private health insurance systems, along with tax reforms and non age sensitive argonas (Leigh, 2006).Considering the gradual ageing line of Hong Kong, Chui (2001) suggest that Hong Kong as one of the cardinal Dragons of Asia is faced with the gradual ageing problem that seems to have affected the urban framework of the city as also the widely distributed population. besides one of the regions in which Hong Kong seems to be booming along with the economy is place development as Hong Kong is mainly ground on a dimension led economy and the government as well as private and public property developers have been launching redevelopment projects for setting up new structures in Hong Kong.However as Chui points out the special needfully problems of grey-haired people have not been attended to and most of Hong Kongs senior people argon poor somaticly, financially and socially. However with urban renewal and changes, the elderly people are at disfavor and face threats to their survival as they are not in a target to cope with the restructuring changes in Hong Kongs fast paced urban development projects. There has also been a gradual weakening of the delight in to Chinese traditional values and culture as for the respect give to the elderly and this along with nuclearization of families have added to the problems of the elderly.Chui writes that government hold policies in Hong Kong should emphasize on union care and ageing in place and help in solving ho use problems and needs of the elderly. The study shows the plight of erstwhile(a) people in Hong Kong, a booming economy in the South Asian region and a contrasting denominate of the elderly people. The gender gap in wages has been analyze by more or less police detectives and the trend shows a narrowing gender gap in wages. According to strike out and Lui (2003), the narrowing gender gap may be related to womens advantages compared with foregoing times especially womens changing positions at the workplace.Gender gap is make up as smaller in occupations and industries that are less dependent on physical labour as men are more suitable for physically squiffy work. This shows that when an economy transforms from a manufacturing or return oriented approach to a more service oriented one, womens productivity would be recognized an with increased womens participation in service base economies, the gender gap on the basis of wage or participation at the workplace also decreases.A 1% random subsample was used in this study for two population censuses and the results of the experiment also support empirical results. Methodology The methodology to be used for this study entrust be both qualitative and quantitative research methods. The qualitative and quantitative selective information would be primarily available from the internet and research journal selective informationbases and journal articles provide be selected along with studies by the Hong Kong government as based on the economic indicators, as well as statistical and other government reports on the population and GDP, GNP and labor or prices.Of break away in this section we highlight the splendor of theory and practice and differentiate amidst the theories and the practical implications of research and the use of methodology to explain these two features. The theories that volition be dealt with will be economic theories and changes in the global economy along with changes in the Hong Kong economic structure. The practical implications here would be changes in the population structure statistically obtained and otherwise and population changes as indicated in journal articles that deal with ageing and its associated problems in Hong Kong.The theories and practice of the economic and population changes in Hong Kong will be obtained from journal articles selected from journal databases and these articles are obtained by using search terms such(prenominal) as Hong Kong economy, Hong Kong population, Ageing population, South Asian providence, Economic structure of Hong Kong, Population of Hong Kong, immemorial in Hong Kong, Employment in Hong Kong and miserliness etc.As i ndicated in the afterwards part of the study, the governments reports on the economic changes and population changes have been given here and the results can be used to show the trends and the analysis can be done quantitatively and qualitatively to show the changes in population in terms of age, gender and wages or social status.In fact wage structure shows changes in economic conditions of the major part of population and results could be haggard to show how economy and wages would be related in turn to gender and age and the overall impact this has on the Hong Kongs population structure could be drawn in the analysis and interpretation section of the results. The different possible methodological frameworks would be the qualitative methodology and the quantitative methodology. soft methodology is about understanding the more qualitative or subjective aspects of the population and delineating the attributes or the characteristics of job changes, economic structure and population structure in Hong Kong. duodecimal methodology is about show statistical tables and values and suggests the population and economic geomorphologic changes in terms of values or numbers as given in statistical tables.The impact of old age or ageing population on the economy as discussed qualitatively by researchers would form part of the study using journal articles and descriptions of the situation as given by researchers in articles and published cover as would be the quantitative aspects that are given in published reports and statistical tables giving values or numbers that define the changes in Hong Kongs social, demographic and economic structure quantitatively in terms of values, statistics and numbers.A snapshot of the qualitative and quantitative primary data as would be used in the research study is given below and from some of the research papers as used in the literature review and the reports published by the Hong Kong government, the primary data in terms of tables or published research reports will be chosen and analyzed for the purposes of this study.The published articles or papers in journals as selected from ingenta, sciencedirect, JSTOR or other such databases thus provide the basis for qualitative primary data and the published research reports as available from Hong Kong government sites showing statistical analysis of population and economic structure form the more quantiatve aspects of this study and a balance of quantitative and qualitative methods will be considered for analysis of this research study.Social science research is more often than not based on ontological and epistemic propositions that help to understand consumer behavior and in this topic population structure and government approach to population and how it affects Hong Kong economy in general. From the ontological point of view some(prenominal) phenomena could be analyzed objectively using economic data and in this case the economic structure of Hong Kong could b e relatively objectively analyzed considering other real or developing economies and the effects of population on economy.The epistemological approach to methodology emphasizes on peoples perspectives and the subjective or qualitative aspects of research as already indicated. Positivistic and Interpretive theories in social science research focus on scientific data (as in positivism) in which experimental findings are of original importance and interpretive analysis in which drawing out qualitative aspects and viewpoints of the researcher would be more important. The epistemological, interpretive positions are closer to qualitative methodology and the positivistic, ontological philosophies are akin to quantitative methodology as used in any(prenominal) research project.The Table below provides the population structure of Hong Kong by age and sex and as seen from the initial study of 2007 population growth and structure, 3. 9% of the population is preceding(prenominal) 60 yrs of age, 3. 4% of the population is above 65 or 70 years of age, 2. 7% of the population reaches above 75 year limit and 1. 7% of the population crosses the 80 year old mark. 1. 4% of the population is above 85 years. This suggests that a significant portion of the population is an aged population in Hong Kong and this is a change from 2006 in which the 60 year old population was at 3. 7% and above 75 year olds was at 2.6% and above 85 year olds was at 1. 3%. The charts show that thee has been a slight yet significant increase in aging population of Hong Kong and considerable decrease in the young population as seen from the population data of 2006-2007. If data is attained over a flowing of last 10 years this aging population trend will until now become more prominent and this will be elaborated in the methodology and data collection section of the research. This research table thus forms part of the resources that we use as data for our study on the effects of population on econ omic structure.