Yue Chim Richard Wong 王于漸
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Truths and Myths behind the Individual Visit Scheme and the Ku Klux Klan

By YueChim Richard On 2015/03/18 · Add Comment · 5,180 views
(This essay was published in Hong Kong Economic Journal on 18 March 2015.) . . . . hooligans in the guise of populist politics. Their real purpose is to harass, humiliate, abuse and terrorize their political targets. They derive their strength from the fact that media fascination with their outrageous actions gives them maximum coverage. . . . . Their actions are calculated for maximum media coverage. Their ultimate goal is to gain political notoriety so that they can advance their cause in Hong Kong’s present distorted and fragmented political system. Democracy serves only as a cover to whitewash their political opportunism. . . . . The Hong Kong public should also try to be better informed about the myths and truths behind those local groups who advocate extremist ideologies locally.
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Shades of Ku Klux Klan in stir against parallel traders

By YueChim Richard On 2015/03/18 · Add Comment · 3,387 views
(This essay was published in South China Morning Post on 18 March 2015.)
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On Hong Kong’s High Land Prices Again

By YueChim Richard On 2015/03/11 · Add Comment · 7,443 views
(This essay was published in Hong Kong Economic Journal on 11 March 2015.) Demand management cannot curb property price increases when demand continues to grow faster than supply. Punitive measures only bring temporary political relief for governments faced with mounting public pressure angrily demanding that something be done. . . . . punitive demand management measures . . . . sends the wrong messages by focusing attention on property prices rather than supply shortages. The public becomes frustrated when property prices are not successfully curbed, except in the short run.
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Property Owners Main Beneficiaries of Limited Housing Supply

By YueChim Richard On 2015/03/11 · Add Comment · 3,542 views
(This essay was published in South China Morning Post on 11 March 2015.)
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Irrational Politics and Their Romantic Roots

By YueChim Richard On 2015/03/04 · Add Comment · 3,093 views
(This essay was published in Hong Kong Economic Journal on 4 March 2015.)In a sense, the values that are emerging in our society and being embraced by the new generation are not merely those of diversity and plurality underpinned by shared and common assumptions about what is right and wrong, good and bad, and proper rules of engagement. Rather, they are a deep diversity and deep plurality, where there is no absolute right and wrong or good and bad, and where the proper rules of engagement are no longer give and take, but unending conflict until one party prevails. . . . . But Romantic thoughts running wild outside literature and the arts can have dire consequences.
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Health care and home ownership most pressing concerns for an ageing population

By YueChim Richard On 2015/03/04 · Add Comment · 3,345 views
(This essay was published in South China Morning Post on 4 March 2015.)
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Are Working Hours Too Long in Hong Kong?

By admin On 2015/02/25 · Add Comment · 6,492 views
(This essay was published in Hong Kong Economic Journal on 25 February 2015.) Standard working hours legislation solves no problems and further distorts the adjustment process in a tight labor market. Government and society should focus on better ideas.
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Are standard working hours a good thing for Hong Kong?

By admin On 2015/02/25 · Add Comment · 3,863 views
(This essay was published in South China Morning Post on 25 February 2015.)
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Public Corruption in Traditional and Modern China

By YueChim Richard On 2015/02/18 · Add Comment · 3,281 views
(This essay was published in Hong Kong Economic Journal on 18 February 2015.) Without further reforms to reduce the government’s role in the economy and expand the role of the market, the campaign to root out public corruption will only produce a one-shot effect. . . . . The successes of industrial economies have always been sustained by allowing markets to grow, which has simultaneously promoted economic modernization and limited public corruption. . . . . Xi’s political legacy, like Deng’s economic one, will be enormous if it leaves sufficient room for markets to grow and the bureaucracy to become lean.
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Public corruption in China: Then and now

By YueChim Richard On 2015/02/18 · Add Comment · 3,945 views
(This essay was published in South China Morning Post on 18 February 2015.)
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Greece and Hong Kong – Fiscal Opposites, Same Politics

By admin On 2015/02/11 · Add Comment · 3,109 views
(This essay was published in Hong Kong Economic Journal on 11 February 2015.). . . . neither marching on the streets nor introducing more democracy (something the pan-democrats have been clamoring for) will narrow the property wealth gap between Hong Kong’s “haves” and “have-nots”. Hong Kong needs a smart housing policy and Greece needs a sound economic growth strategy.
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Hong Kong, Greece in the Same Boat

By YueChim Richard On 2015/02/11 · Add Comment · 3,360 views
(This essay was published in South China Morning Post on 11 February 2015.)
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Attract Immigrants or Become Like Japan

By admin On 2015/02/04 · Add Comment · 3,104 views
(This essay was published in Hong Kong Economic Journal on 4 February 2015.) Will the government be able to overcome protectionist barriers to successfully attract skill and talent from abroad . . . . The real battle is not overseas, but at home. If the government fails again, then we know Japan is our future.
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Is Hong Kong Turning Japanese?

By admin On 2015/02/04 · Add Comment · 3,291 views
(This essay was published in South China Morning Post on 4 February 2015.)
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Non-Profits Need Competition and Transparency

By YueChim Richard On 2015/01/28 · Add Comment · 2,917 views
(This essay was published in Hong Kong Economic Journal on 28 January 2015.) Only when the Third Sector also succeeds in innovating and raising productivity will our economies be able to provide quality jobs for future displaced workers and address domestic inequality. Efficiency and equity do not have to be conflicting objectives, . . . . Globalization has demonstrated how increased economic growth rates and reduced world income inequality can both be achieved at the same time.
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