Albert Lai September 2004
5
Albert Lai September 2004 THE BUSINESS CASE FOR POVERTY ALLEVIATION HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT
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HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT. Albert Lai September 2004. THE BUSINESS CASE FOR POVERTY ALLEVIATION. Risk of Sustainability. * Is this a Sustainable trend?. An Embedded Ideology. * Strict fiscal discipline. * Reduce government deficits & taxes. - PowerPoint PPT Presentation
Transcript of Albert Lai September 2004
Albert LaiSeptember 2004
THE BUSINESS CASE
FOR
POVERTY ALLEVIATION
HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT
2
Risk of Sustainability
* Is this a Sustainable trend?
0.451
0.476
0.525
0.4
0.42
0.44
0.46
0.48
0.5
0.52
0.54
1981 1991 2001
Gin
i-C
oeff
icie
nt
3
An Embedded Ideology
Washington Consensus
* Strict fiscal discipline
* Reduce government deficits & taxes
* Reduce role of state
* deregulation
* Improve conditions for FDI
* trade-oriental policies
Washington Consensus vs Sustainable Development
4
A Widening Gap
Reducing ability to
provide government support
Increasing need for
public support
Worsening
poverty
“jobless”
growthglobalizing
forces
structural
deficit
Tax freeze
* Is HK a victim of Washington Consensus ?
5
Collapsing Vision of a Caring Society
Social justice
Sustainable development
Business Case for Poverty Alleviation
Threat to business / FDI environment
Social risk
POVERTY
Lost capital, lost opportunities
