Yue Chim Richard Wong 王于漸
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Public Sector Housing Policies for Hong Kong and Mainland China – Sustaining Growth, Harmony, and Stability (Part V)

By YueChim Richard On 2011/10/07 · Add Comment · 9,346 views
A market in public housing units would also provide property owners with a reliable asset to protect their savings for family formation, retirement, and leaving a bequest to the next generation, assuming China’s economy continues to prosper and land values in cities continue to appreciate because of dense living conditions. A nationwide initiative to develop a public housing program would thus create the middle class needed to encourage consumption spending . . . . . Over time such a program would gradually displace the company provided quarters that are still an important legacy from the past so that a nationwide market for domestic housing could eventually emerge.
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Public Sector Housing Policies for Hong Kong and Mainland China – Unfreeze Land Values, Liberate Housing Serfs (Part IV)

By YueChim Richard On 2011/09/30 · 1 Comment · 78,740 views
A bright economics student might suggest Hong Kong should leave the linked exchange rate arrangement and insulate itself from the unknown and unexpected influences from afar with a more refined policy instrument. But to whom should we entrust this decision? Delinking the exchange rate will not necessarily make the economy more stable. It can be an overwhelming task.
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Public Sector Housing Policies for Hong Kong and Mainland China – A Proposal for Hong Kong (Part III)

By YueChim Richard On 2011/09/23 · 5 Comments · 6,537 views
They would remove the arbitrary distinction between rental and homeownership programs. They would provide an explicit subsidy on land values to residents who wish to be homeowners. The new proposed measures will restore the homeownership ladder that has vanished in the past decade.
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Public Sector Housing Policies for Hong Kong and Mainland China – Socio-Economic Consequences (Part II)

By YueChim Richard On 2011/09/18 · 1 Comment · 5,345 views
In this article I explore why the choice of housing tenure matters on social grounds, the foregone costs to households when there is effectively no choice and the cost to society in economic terms.
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Public Sector Housing Policies for Hong Kong and Mainland China – Core Considerations (Part I)

By YueChim Richard On 2011/09/09 · 1 Comment · 27,696 views
The Singapore system . . . . . is not only more generous to eligible households, but far more market oriented than the program in Hong Kong.
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Obama Must Lead or Become Irrelevant

By YueChim Richard On 2011/08/12 · 1 Comment · 4,452 views
President Obama is smart enough to recognize that the greatest recession produced a right wing grass roots movement, not a left wing one. He may not like it, but he has to recognize its significance . . . . . How will Obama be remembered in history? . . . . . Perhaps, it is time for Obama to reverse the course set in the time of Roosevelt.
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Politics in the Knowledge Society

By YueChim Richard On 2011/07/01 · Add Comment · 3,649 views
As a “society of organizations” the knowledge society will have to think through how to balance two apparently contradictory requirements. Organizations must competently perform the social function for which they exist: schools must teach, hospitals cure the sick, businesses make profits or the capital needed to provide for the risks of the future. They need single-minded concentration to carry out their specialized mission. But they also face demands from society to show social responsibility, to work on the problems and challenges of the community.
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Social Challenges of the Knowledge Society

By YueChim Richard On 2011/06/24 · Add Comment · 11,789 views
The knowledge society has to be a society of three sectors: a public sector of government, a private sector of business, and a social- sector. It is becoming increasingly obvious that through the social-sector a modern developed society can again create responsible and achieving citizenship, and can again give individuals – especially knowledge workers – a sphere in which to make a difference in society and to re-create community in a novel form.
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From Blue Collar Worker to Knowledge Worker

By YueChim Richard On 2011/06/17 · Add Comment · 11,442 views
. . . Contrary to Marxist predictions, the rise of the industrial worker emerged as the 20th century's most stabilizing social development. It explains why the disappearance of the farmer and the domestic servant produced no social crises. The flight from agriculture and from domestic service was voluntary. Farmers and maids were not "pushed off" or "displaced." They went into industrial employment as fast as they could. . . . By the year 2010, in every developed country, industrial workers accounted for no more than an eighth of the work force, virtually the equivalent of their numbers in 1900, at the dawn of their meteoric rise. Union power has declined equally as fast. No class in history has ever risen faster than the blue-collar worker. And no class in history has ever plummeted faster.
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Corporate Social Responsibility: Meeting Social Needs in Hong Kong

By YueChim Richard On 2011/06/10 · Add Comment · 74,194 views
. . . . . Peter Drucker’s observation that there is now no developed country where people still expect government programs to succeed. He gave four reasons why such government programs have failed everywhere. One reason is that governments are doing too many things to be able to do any one thing successfully . . . . .
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Corporate Social Responsibility from the Perspective of Underdevelopment in the Middle East

By YueChim Richard On 2011/06/03 · Add Comment · 3,725 views
. . . From the very start Islam did not discourage commerce. . . . Its businessmen dominated several of the world’s major long-distance trade routes. Islam spread to the Far East and Africa not through the sword but primarily through trade. . . . Islamic commercial institutions dominated all these areas. But these institutions remained stagnant for centuries and the modern profit-making corporation failed to emerge from within Islam. It had to be belatedly transplanted from the West.
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What is Corporate Social Responsibility? – Three Stakeholder Views

By YueChim Richard On 2011/05/27 · 1 Comment · 23,059 views
. . . in a modern economy the main source of capital formation is business profit. Without these profits it is impossible to finance these social needs. The taxing of these profits by government and relying on public provision to solve these social needs have proven unsuccessful. For this reason Drucker differs from the shareholders view of CSR. He supports the Third Sector rather than pinning his hopes on the public sector.
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What is Corporate Social Responsibility – Do We Need It? And Why?

By YueChim Richard On 2011/05/20 · Add Comment · 11,901 views
For Friedman the CSR doctrine, taken seriously, would extend the scope of the political mechanism to every human activity. It does not differ in philosophy from the most explicitly collectivist doctrine. It differs only by professing to believe that collectivist ends can be attained without collectivist means. That is why Friedman called it a "fundamentally subversive doctrine" in a free society.
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The Iron Horse and Strategic Factors in Economic Growth

By YueChim Richard On 2011/05/13 · Add Comment · 4,534 views
. . . . . with a less than 5% social savings estimate the level of per capita income achieved by 1890 would have been delayed by only three months, if railroads had never been invented.
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The Global Economy Shifts East

By YueChim Richard On 2011/05/06 · 1 Comment · 5,542 views
What combination of factors, institutions and policies have prevented the low productivity country from being at the frontier, or closer to the frontier, over the past years, decades or, in the case of China and India, centuries? ....... “The big economic story of our times is not the Great Recession. It is how China and India began to embrace neoliberal ideas of economics and attributed a sense of dignity and liberty to the bourgeoisie they had denied for so long. The result was an explosion in economic growth.”
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