Poverty in the Midst of Affluence:How Hong Kong Mismanaged Its Prosperity, Revised Edition
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Hong Kong is among the richest cities in the world. Yet over the past 15 years, living conditions for the average family have deteriorated despite a robust economy, ample budget surpluses and record labour productivity. Successive governments have been reluctant to invest in services for the elderly, the disabled, the long-term sick, and the poor, while education has become more elitist. The political system has helped to entrench a mistaken consensus that social spending is a threat to financial stability and economic prosperity. In this trenchant attack on government mismanagement, Leo Goodstadt traces how officials have created a ‘new poverty’ in Hong Kong and argues that their misguided policies are both a legacy of the colonial era and a deliberate choice by modern governments, and not the result of economic crises. This provocative book will be essential reading for anyone wishing to understand why poverty returned to Hong Kong in this century.
Leo F. Goodstadt is an honorary fellow of the University of Hong Kong and was head of the Hong Kong government’s Central Policy Unit from 1989 to 1997.
“In this last volume in his series on Hong Kong’s economic, social, and political development, Leo Goodstadt has again given us a most timely intervention in policy discussion and public debate. This is a critical reflection on Hong Kong’s path of social development and a most discerning analysis of the Third World mentality espoused by the government and the business community in the area of social welfare.”
— Lui Tai-lok, The University of Hong Kong