example‚ salary range between Hong Kong’s upper class and lower class is wide. Minimum wage for workers is $30 per hour‚ but some upper status people can get more than $3000 per hour.1 Besides‚ the Gini Coefficient of Hong Kong is the highest in the developed countries‚ since 1981‚ the coefficient increased continually and reached 0.537 in 2012. 2‚3 This great disparity between the rich and the poor can show the inequalities too. Hofstede’s research mentions that Hong Kong is a collectivist
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SOCIAL Demographics The territory’s population is 7.03 million. In 2009‚ Hong Kong had a birth rate of 11.7 per 1‚000 population and a fertility rate of 1‚032 children per 1‚000 women.Residents from mainland China do not have the right of abode in Hong Kong‚ nor are they allowed to enter the territory freely. However‚ the influx of immigrants from mainland China‚ approximating 45‚000 per year‚ is a significant contributor to its population growth – a daily quota of 150 Mainland Chinese with
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others maintain the opposite. The following paragraphs explore some of the arguments from both pro side and con side. China now is facing a severe social concern with the high level of inequality which may lead to a lot of problems. China’s Gini coefficient‚ a widely accepted measure of income distribution‚ reached 0.473 in 2013. It puts China among the most unequal countries in Asia and at the higher end of the global range. While rich people are enjoying the higher living standards resulted from
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Macroeconomics Name_________________________________ Economics Final Exam Study Guide Draw a production possibilities curve and label all parts. In what ways might the production possibilities curve be unrealistic? How does the PPC relate to society? What might cause the PPC to shift? What does a point inside the PPC represent? On the PPC? Draw a demand curve and label the equilibrium price‚ surplus and shortage.. Name_________________________________ Economics Final Exam
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Comparing to the near area‚like Singapore‚Hong Kong’s Gini coefficient is more higher and ranked top in the world.Even the wealth gap is not common in western societies‚however‚it is no doubt that wealth gap has threatened the Hong Kong most. With the change of economic mode in Hong Kong ‚it trend to knowledge-based economy rather than manufacturing industry so that a large number of worker are unemployed immediately‚in the other hand‚a lot of high-class people are benefited by the new mode economy
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Globalization and Inequality June 2010 I. Introduction The processes of global economic integration initiated in the 1960s have deeply impacted economic well-‐being across the globe. A number of observers identify these processes as an important factor contributing to the expansion of
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A2 Macroeconomics / International Economy Costs and Benefits of Economic Growth The advantages and disadvantages of economic growth are fiercely debated by economists‚ environmentalists and other commentators. In this note we consider some of the economic and social costs and benefits from expanding levels of production and consumption. In particular we focus on the idea of sustainable growth. The Benefits of Economic Growth According to the UK government‚ ‘a healthy economy leads to higher
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The Kingdom of Armorika’s low Gini Coefficient suggests that the economy is stable and there is a market to import technological and luxury items. With a fairly even distribution of wealth firms can expect to have access to large markets. The Kingdom of Armorika provides firms with a market that is educated in making purchasing decisions with an adult literacy rate at 99% and UN Human Development Index(HDI) of .9 . If firms are to create a start in a market and gain a first-mover advantage they will
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of inflation and unemployment in Germany Ivan O. Kitov Abstract Potential links between inflation‚ π(t)‚ and unemployment‚ UE(t)‚ in Germany have been examined. There exists a consistent (conventional) Phillips curve despite some changes in monetary policy. This Phillips curve is characterized by a negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = -1.50π(t) + 0.116. Effectively‚ growing unemployment has resulted in decreasing inflation
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Uniformity Coefficients of less than 4 usually indicate uniform soils while well graded soils have uniformity coefficients equal to or greater than 4. Cu > 5 is an indication of gravels and Cu > 6 is for sands. © Coefficient of Gradation or Coefficient of Curvature Cg: This is a measure of the shape of the particle size curve. Cg = (D30)2/ D60 x D10 4.6 Cg from 1 to 3 ------- connotes a well graded soil 4.7 Special cases of poorly graded soils are gap-graded (curve E) and uniformly
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