Poverty in the Midst of Affluence

How Hong Kong Mismanaged Its Prosperity

Nonfiction, Social & Cultural Studies, Political Science, Government
Cover of the book Poverty in the Midst of Affluence by Leo F. Goodstadt, Hong Kong University Press
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Author: Leo F. Goodstadt ISBN: 9789888180806
Publisher: Hong Kong University Press Publication: January 1, 2007
Imprint: Hong Kong University Press Language: English
Author: Leo F. Goodstadt
ISBN: 9789888180806
Publisher: Hong Kong University Press
Publication: January 1, 2007
Imprint: Hong Kong University Press
Language: English

Hong Kong is among the richest cities in the world. Yet over the past 15 years, living conditions for the average family have deteriorated despite a robust economy, ample budget surpluses and record labour productivity. Successive governments have been reluctant to invest in services for the elderly, the disabled, the long-term sick, and the poor, while education has become more elitist. The political system has helped to entrench a mistaken consensus that social spending is a threat to financial stability and economic prosperity. In this trenchant attack on government mismanagement, Leo Goodstadt traces how officials have created a new poverty in Hong Kong and argues that their misguided policies are both a legacy of the colonial era and a deliberate choice by modern governments, and not the result of economic crises. This provocative book will be essential reading for anyone wishing to understand why poverty returned to Hong Kong in this century.

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Hong Kong is among the richest cities in the world. Yet over the past 15 years, living conditions for the average family have deteriorated despite a robust economy, ample budget surpluses and record labour productivity. Successive governments have been reluctant to invest in services for the elderly, the disabled, the long-term sick, and the poor, while education has become more elitist. The political system has helped to entrench a mistaken consensus that social spending is a threat to financial stability and economic prosperity. In this trenchant attack on government mismanagement, Leo Goodstadt traces how officials have created a new poverty in Hong Kong and argues that their misguided policies are both a legacy of the colonial era and a deliberate choice by modern governments, and not the result of economic crises. This provocative book will be essential reading for anyone wishing to understand why poverty returned to Hong Kong in this century.

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