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On The Logic Of The Economic Integration Of Hong Kong Into The Greater China Economy, Hoi Cheung Cheung
On The Logic Of The Economic Integration Of Hong Kong Into The Greater China Economy, Hoi Cheung Cheung
CAPS Working Paper Series
Hong Kong has encountered an economic downturn since the outbreak of the Asian Financial Crisis in 1997. It was a result of the lack of long-term preparation for adjustment to changes in the industrial structure. Without a foundation to upgrade its industrial structure from labour-intensive manufacturing to mid and high-tech industry, Hong Kong could only transit its industrial structure directly from the secondary sector to the tertiary sector – financial services, trading and logistics, and related services. Nonetheless, due to the keen competition in terms of cost advantages from the neighbouring economies, mainly those regional economies in the Pearl River …
Participatory Welfare In South Korea : Meaning And Issues, K. H., Raymond Chan
Participatory Welfare In South Korea : Meaning And Issues, K. H., Raymond Chan
CAPS Working Paper Series
‘Participatory Welfare’ is the term coined by the current Roh Moo-hyun government to distinguish its welfare reform from the previous Kim Dae-jung government’s ‘Productive Welfare’ policies. While the use of term ‘participatory’ is a convenient extension of its slogan ‘Participatory Government’, the details of Participatory Welfare are still evolving and results have yet to be seen. Observed from the documents and policies proposed or implemented so far, it has two key dimensions: promoting ‘participation’ and building up of a ‘welfare community’. The reforms are located in a context of civil society calling for greater participation and reforms in an increasingly …
Labour Market Reforms And Polarization In Korea, K. H., Raymond Chan
Labour Market Reforms And Polarization In Korea, K. H., Raymond Chan
CAPS Working Paper Series
From the early 1990s the South Korean government launched a series of structural reforms to liberalize and deregulate the economy and labour market, in line with its globalization strategy. Particularly after the financial crisis, flexible labour market reform was one of the major initiatives to keep the Korean economy competitive in the global market. This paper describes the rationale for flexible labour market reforms in Korea from the early 1990s, evaluates their impacts on labour market polarization, and assesses the policy responses adopted by Kim Dae-jung and the current Roh Moo-hyun governments. It is argued that the flexible labour market …