Yue Chim Richard Wong 王于漸
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Why Have We Underestimated Housing Demand Growth?

By YueChim Richard On 2014/08/13 · Add Comment · 7,680 views
(This essay was published in South China Morning Post on 13 August 2014)
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Key to Inequality is Soaring Home Prices

By YueChim Richard On 2014/08/06 · Add Comment · 3,956 views
(This essay was published in South China Morning Post on 6 August 2014)
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What the Minimum Wage Failed to Do

By YueChim Richard On 2014/07/30 · Add Comment · 4,751 views
(This essay was published in South China Morning Post on 30 July 2014) Hong Kong enacted minimum wages in May 2011. Has this helped low-income households and reduced income inequality?
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Cash subsidies go only so far in reducing poverty

By YueChim Richard On 2014/07/23 · Add Comment · 5,224 views
(This essay was published in South China Morning Post on 23 July 2014)
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How Venice Became a Museum?

By YueChim Richard On 2014/07/16 · Add Comment · 5,090 views
(This essay was published in South China Morning Post on 16 July 2014) The decline of Venice as a great trading city offers lessons for Hong Kong on the dangers of excluding ordinary people from economic and political power
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The Chief Executive’s Political Reform Report Should Not Be Rushed

By YueChim Richard On 2014/07/12 · Add Comment · 3,359 views
(This essay was published in Hong Kong Economic Journal on 12 July 2014) Hong Kong has to step back and reassess before moving forward again. These are grave decisions and the Chief Executive should not be rushing into it.
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Higher Rent May Be the Price for a Good Night’s Sleep

By YueChim Richard On 2014/07/09 · Add Comment · 4,628 views
(This essay was published in South China Morning Post on 9 July 2014)
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Hong Kong’s Public Housing Policy a Home-wrecker for Poor Couples

By YueChim Richard On 2014/07/02 · Add Comment · 5,364 views
(This essay was published in South China Morning Post on 2 July 2014)
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Italian Opera Houses as a Model for Las Vegas and Macau

By YueChim Richard On 2014/06/25 · Add Comment · 5,001 views
(This essay was published in South China Morning Post on 25 June 2014) Italian Opera Houses as a Model for Las Vegas and Macau The story I wish to relate here is the transformation of the financing and organization of opera from aristocratic patronage, to entrepreneurial venture capital, and finally public subsidy. In the process, opera itself has been transformed.
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The Challenge of Poverty, Near-Poverty and Inequality in the 21st Century

By YueChim Richard On 2014/06/25 · Add Comment · 4,619 views
(This essay was published in Hong Kong Economic Journal on 25 June 2014) The 21st century will bring new challenges for addressing poverty, near poverty and inequality. But politicians and advocacy groups talk about poverty and inequality, . . . . Their rhetoric is still that of the last century. And they appear to have only a very limited appreciation of the challenges we face today.
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Hong Kong vs Singapore: Human Capital Investment Makes the Difference

By YueChim Richard On 2014/06/18 · Add Comment · 6,954 views
(This essay was published in South China Morning Post on 18 June 2014) Hong Kong vs Singapore: Human Capital Investment Makes the Difference When combined with the growth rate declines in population, employment and average years of schooling, it is evident that the critical mass of human capital talent necessary for sustaining productivity growth in Hong Kong has been lowered. Singapore, in contrast, has experienced very robust growth in both numbers and quality due to its immigration policy and sustained investments in education.
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The High Regulation Cost of Development: What Thomas Piketty’s Famous Book Really Says

By YueChim Richard On 2014/06/18 · Add Comment · 6,295 views
(This essay was published in Hong Kong Economic Journal on 18 June 2014) Housing prices have risen in the United States and Hong Kong mostly because of the high regulation costs of development. In each of the developed countries, a very large array of complex regulations has made development difficult and effectively prevented housing supply from responding to demand. The problem is not market competition, but government regulations that prevent markets from functioning properly. What is particularly interesting is that the rising ratio of capital to income is almost entirely due to the rise of housing capital in these five countries. This suggests that the difficulty faced in Hong Kong is universal.
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Representation of the Chief Executive Nominating Committee

By YueChim Richard On 2014/06/11 · Add Comment · 6,554 views
(This essay was published in Hong Kong Economic Journal on 11 June 2014) Democracy embodies the principles of participation, liberty and equality. The G-13 Proposal takes Hong Kong forward politically on all three fronts. It would encourage different sectors to work towards common goals, reduce doubt and conflict, and make the CE election through universal suffrage in 2017 a reality. This is important to the long-term stability and prosperity of Hong Kong.
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CE Nomination Proposal that Passes the Five-Step Process

By YueChim Richard On 2014/06/11 · Add Comment · 5,171 views
(This essay was published in South China Morning Post on 11 June 2014) Getting electoral reforms correct would be hugely beneficial for economic progress. Our dysfunctional political system, where the CE is at loggerheads with Legco, radicals hold moderates in hostage, policy stalemate replaces policy solution have repeatedly delayed long overdue policies affecting housing, labor markets, immigration, industry, and many other areas. History has demonstrated that democracy when done right is good for business and economic prosperity.
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How Functional Constituencies Could Advance Democracy in Hong Kong

By YueChim Richard On 2014/06/04 · Add Comment · 3,798 views
(This essay was published in SCMP on 4 June 2014.) How Functional Constituencies Could Advance Democracy in Hong Kong Functional constituencies do need to be reformed. Building more flexibility into the political representation process is particularly important for Hong Kong as an open city economy whose prosperity depends on being well integrated with the world and the Mainland. Reformed functional constituencies could help to achieve this goal, while geographical constituencies could continue to represent local and life-related interests.
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