Property News · October 15, 2017

Hong Kong’s budget won’t fix core problems of dominant cartels and lack of competitiveness


Hong Kong’s recent budget creates its own unconventional version of Freakonomics: the morality of how bureaucrats imagine the city works versus the economics of how it actually works. Despite pumped up welfare and social spending, the government’s failure to address structural economic and marketplace reform will only mean that the quality of living and competitiveness standards will only worsen.
The government can easily spend more billions when it has control over reserves that…

Source : South China Morning Post
Read more…Hong Kong’s budget won’t fix core problems of dominant cartels and lack of competitiveness

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