Is Hong Kong still a shoppers’ paradise? In the past decade‚ Hong Kong has been well known for its duty free and wide range of goods‚ it allows people from the world have a fantastic shopping experience. However‚ more news reporting the negative images of Hong Kong tourism which adversely affects the image of “shoppers’ paradise”‚ are arisen. While numerous tourists can be seen in tourist spots in Hong Kong‚ some contend that they no longer choose Hong Kong as a travel destination. This paper
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Economies of Hong Kong and the Pan-PRD Why the Heritage Foundation ranked Hong Kong as the first “free economy” in the world? Hong Kong has been ranked the freest economy in the world by the Heritage Foundation for the 19th consecutive year since the index was first published in 1995. We will see the criteria of a free economy according to the Heritage foundation. Then we will explain why and how Hong Kong is ranked as the first free economy in the world. Criteria of “free economy” according
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Air Transport Industry in Hong Kong Overview As one of the regional hubs for Asia‚ Hong Kong is connected with most urban centres in Asia and half of the world’s population within 5 hours of flight time. Currently‚ more than 100 airlines operate about 1‚000 flights daily‚ linking the Hong Kong International Airport (HKIA) to about 180 destinations worldwide including 48 cities on the Chinese mainland. Handling 56.5 million passengers and 4.03 million tonnes of cargo and in 2012‚ HKIA was Asia’s
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Economic Policy Reforms 2012 Going for Growth © OECD 2012 PART II Chapter 5 Reducing income inequality while boosting economic growth: Can it be done? This chapter identifies inequality patterns across OECD countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies‚ well-designed labour market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis
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Economic Growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product‚ or real GDP. Growth is usually calculated in real terms‚ i.e. inflation-adjusted terms‚ in order to obviate the distorting effect of inflation on the price of the goods produced. Economic growth typically refers to growth of potential output‚ i.e.‚ production at "full employment". It
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between Hong Kong and mainland using concepts introduced in this course. Introduction Hong Kong‚ located at the southern coastal of China‚ fully shows the diversification of culture‚ with a mix characteristics of different backgrounds. Hong Kong is currently under the rule of the PRC as a special administrative region‚ with the practice of ‘One country‚ two system’. Hong Kong exercises capitalism under the rule of the British government and thus continues its practice after the handover. Hong Kong
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Economic Growth‚ Economic Freedom and Morality Mikita Katliarou LCC International University Economic Growth‚ Economic Freedom and Morality In our fast-developing world where people are overwhelmed with all the insane progress we never stopped for moment to think rationally “whether it is good thing that we developed for the last decade more than for the last ten centuries?” But for now let’s put up this question for later. “The pursuit of high economic growth is considered desirable as it generates
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Economic Growth Economic growth is the percentage increase in real national output in a given time period or the increase in the productive potential of the economy. Countries grwo at different rates‚ this is partly due to the fact that they are at different stages of their economic cycle. The economic growth for the UK is at 0.2%. The main measure of output is gross domestic product (GDP). GDP is the total value of goods and services produced in an economy during one year. Economic growth
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Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of growth
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Hin Long(10548963) Cheung Chi Cheung(10549999) Mak Chi Kit Oscar(10550937) Energy and Environment Project Is plastic pellet spill incident in HK waters solvable? Table of Content 1 Introduction……………………………………………………………3 2 Process……………………………………………………………………3 3 What is the plastic pellet…………………………………………4 4 Properties……………………………………………………………….5 5 Usage………………………………………………………………………5 6 Misconceptions……………………………………………………… 6 7 After photodegration………………………………………………7 8 The
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