CCCH9031 Property Rights, Built Heritage, and Sustainable Development in Hong Kong
1st Semester 2013-14
Lecture and Tutorial Guide (Week 11)
Guest Lecture (7): 13.11.2013 (Wed) 4:30-6:30pm MB217
Sustainable Development: the Role of Entrepreneurship vis-à-vis that of the Regulator
[Course Learning Outcomes 1, 2, and 3]
By Professor Frank Lorne
Can a chicken talk to a cow? Is it possible to have more beef and more green pasture? Is it possible to have more (better) environment and more production? Is it possible to have more fish and electricity — Yu’s Model? Is it possible to pre/conserve heritage and yet have more
(improved) built environment? These are non-trivial problems, but have hypothetically and pragmatically worked in various parts of the world.
In Cairo, Egypt, a garbage dump was converted into a garden city. Do we have local examples in Hong Kong that have demonstrated a similar transformation?
Before searching for examples, let us examine the key ingredients of such transformations.
Although some would consider the conversion of environmental liabilities into assets a matter of luck, and as such, these patterns of transformation are statistically insignificant (e.g. out of 10,000 “brown fields,” only one is transformable). Others may postulate that change can only happen when exogenous conditions change (e.g. a flood or a population boom) so that pressure is exerted to force it.
Although all of these may be valid, the source of change has to come from some type of human ingenuity in response to adversity that aims to tackle and make use of, rather than avoid, it. Often, such attitudes have been the chief driving force behind turning liabilities into assets.
This process can be called entrepreneurship, which generally can be defined as a changing of one’s mindset. Entrepreneurs are usually those who possess new mindsets. They view things differently in that