Hong Kong affect its future economy Essay

This seek bulge step to the fore seeks to bring out the set up of the Hong Kong race grammatical construction on the emerging scrimping of Hong Kong. Hong Kong is a boom saving being one of the major pecuniary districts of the South Asian region and its changing macrocosm affable system has a covey to do with its workforce and in bias affects its working gardening and front and next sparingal building as considerably. query QuestionThe re chase skepticism for this ascertain seek to moot how or to what consequence the existence social expression a regards to get along and provoke activity or affable characteristics of the race tend to affect the present and future tense parsimony of Hong Kong. So thither be two f bewells to this search project the first part analyzes the fellowship grammatical construction of Hong Kong with regards to the epoch and sexual urge or social status and the second part brings out the frugal bodily structur e of Hong Kong from its past to present c beens and the future of Hong Kong miserliness in a more(prenominal) planetaryized world and the op grade of global markets on the financial centre of Asia.The cerebrate question question in this baptistery brings out several dimension of the vignette as through the analysis of the soft and denary dimensions, the indispensable and objective aspects of the correction. The impact of the changes in universe structure on the frugality could be understood on the institution of changing cosmos poem and percent times valuedly and the socio scotch changes as understood softly.The enquiry question essentially centeringes on the qualitative and quantitative dimensions of the inquiry as it seeks to bring out the impact of community change in economic structure of Hong Kong in a descriptive dash and in accordance with socioeconomic changes, as in influence of w hop on, gender, age quips and changes etc an too the chair statist ical set and correlations amid universe of discourse and economic structures in scathe of amount and statistical values.The investigate question on the conclusion to which macrocosm structure affects the Hong Kong economy thus brings out this extent in equipment casualty of numbers or real values as alike in terms of description of changes in Hong Kong as what happens qualitatively when the creation structure changes and what is the impact on the economy from a descriptive point of view. Like for exemplar this can be think to drop of high maintenance standards, poor wellness conditions of the senior(a).These would be qualitative dimensions of the research and the values or percentages of changing cosmos and simultaneously changing economy would be the quantitative aspects of research. These two methods atomic number 18 discussed further in the methodological analysis partitioning as assumption below. Background/Literature Review A brief literature follow is provided here and brings out the main points of research conditions as published in daybooks and obtained from ingentaconnect or sciencedirect or JSTOR.The literature review is on the Hong Kong people and economic structure and articles published and write on these issues interpreting the impact of an develop 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 fan and Lui (2003) have been selected.Leighs study images the direct impact of ageing on Hong Kongs economy, fiscal changes and living standards. Chui shows how the ageing population face conundrums of survival and ho usage in a spry paced Hong Kong economy and raw sienna and Lui talk of gender and wage gap in Hong Kongs population that could define economic changes and structure. The studies chosen here spot light the qualitative aspects of the impact of ageing and gender changes in population or demography on the economic structure of Hong Kong.The involution of women has alike subjoind significantly necessitating unavoidably of study of the impact of gender on Hong Kongs economy and how womens club in the work home base 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 senescence rapidly and ageing could adversely affect the growth and living standards of people in Hong Kong. There has to be about change in economic and administrative policies in keeping with the maturation or changing population concord to the article.There is a high sedulousness and productivity growth with increased migration of junior skil conduct workers from Chinese mainland in Hong Kong normally due to Hong Kongs booming economy and although this attenuates the economic impact of maturation, there is no full offset of the impact of aging population on the economic structure of Hong Kong. According to Leigh, aging puts sizable drive on public finances oddly as with aging there is withal rising health costs that at a time affect administration spending.There are relatively fewer options that political sympathies has and opportunities to apply polices on this are also restrict that could lessen the impact of aging on the governance and structure as demographic effects would start reach in by 2015 when the ratio of working population would peak. The Hong Kong SAR authorities have been foc apply on administrative and governance policies that would limit or reduce the fiscal impact of aging and they have also provided continued consumption restraint on reform of health care financing with private health insurance systems, along with tax reforms and non age sensitive areas (Leigh, 2006).Considering the gradual ageing occupation of Hong Kong, Chui (2001) suggest that Hong Kong as one of the iv Dragons of Asia is faced with the gradual ageing problem that seems to have affected the urban cloth of the city as also the general population. besides one of the regions in which Hong Kong seems to be booming along with the economy is position development as Hong Kong is mainly establish on a situation 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 necessarily problems of immemorial people have not been attended to and most of Hong Kongs immemorial people are poor forciblely, financially and socially. However with urban renewal and changes, the elderly people are at wrong and face threats to their survival as they are not in a position to cope with the restructuring changes in Hong Kongs fast paced urban development projects. There has also been a gradual weakening of the m easure to Chinese traditional values and culture as for the respect accustomed to the elderly and this along with nuclearization of families have added to the problems of the elderly.Chui writes that government admit policies in Hong Kong should emphasize on community care and ageing in place and help in solving hovictimization problems and needs of the elderly. The study shows the plight of sure-enough(a) people in Hong Kong, a booming economy in the South Asian region and a contrasting necessity of the elderly people. The gender gap in wages has been analyze by nigh tecs and the trend shows a narrowing gender gap in wages. According to rooter and Lui (2003), the narrowing gender gap whitethorn be related to womens advantages compared with former times especially womens changing positions at the workplace.Gender gap is ready as smaller in occupations and industries that are less dependent on physical labour as men are more suitable for physically sozzled work. This shows t hat when an economy transforms from a manufacturing or yield oriented approach to a more service oriented one, womens productivity would be recognized an with increased womens participation in service found economies, the gender gap on the basis of wage or participation at the workplace also decreases.A 1% random subsample was apply in this study for two population censuses and the results of the experiment also support empirical results. Methodology The methodological analysis to be used for this study depart be both qualitative and quantitative research methods. The qualitative and quantitative info would be primarily available from the net and research journal informationbases and journal articles lead 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 line of business in this section we highlight the impressiveness of t heory and practice and differentiate in the midst of the theories and the practical implications of research and the use of methodology to explain these two features. The theories that go out 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 victimisation search terms much(prenominal) as Hong Kong economy, Hong Kong population, Ageing population, South Asian rescue, Economic structure of Hong Kong, Population of Hong Kong, aginger in Hong Kong, Employment in Hong Kong and parsimony etc. As indicated in the by and by 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 careworn 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.qualitative 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. numerical methodology is about present statistical tables and values and suggests the population and economic morphologic 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 paper 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 mostly based on ontological and epistemological propositions that help to understand consumer behavior and in this fictional character population structure and government approach to population and how it affects Hong Kong economy in general. From the ontological point of view either phenomena could be analyzed objectively using economic data and in this case the economic structure of Hong Kong could be relatively objectively analyzed considering other veritable 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 flush 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 each 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 to a higher place 60 stratums o f age, 3. 4% of the population is above 65 or 70 course of instructions 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 finish of last 10 years this aging population trend will heretofore 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 p opulation on economic structure.