ipl-logo

Unemployment In Hong Kong Case Study

1791 Words8 Pages

After the financial turmoil in 1997, Hong Kong's economy growth was fall back and the overall unemployment rate soared. The HKSAR Census and Statistics Department (1999) stated that the unemployment rate was increased from 2.2% in 1997 to 4.7% in 1998. Unemployment problem is more serious in 1999 as well. The unemployment rate is 6.1%. It aroused widespread concern from the society and the government.

In Hong Kong, there is no unemployment insurance or aid system. The government does not support the assistance system because what the unemployed need is a job but not is money. Even if the unemployed cannot find a job within a certain period of time, they can apply for an integrated service or assistance will be secured to solve the economic difficulties caused by unemployment. For fiscal and political constraints, the Hong Kong government could not raise taxation to cope with the increasing number of unemployed welfare recipients. Government upholds the value of Strong …show more content…

Hong Kong government has faith on self-reliant policy where individual must be taking care for themselves when they are unemployed. In order word, Hong Kong government would not assist and offer any welfare to the unemployed. In terms of social policy, Hong Kong government does not provide any unemployment insurance to the unemployed. Unemployment insurance is welfare and social safety net which government provides certain amount of money to the unemployed for basic daily needs. Moreover, this welfare usually provides to the unemployed in a limit of time. For instance, France has the unemployment insurance for the citizens. If any French are unemployed, they can obtain the unemployment insurance for 12 months with a maximum payment of 6900 euro per month. The citizens should invest much time to workfare but cannot obtain the sufficient money for their

Show More
Related

  • How Did The Central Government Created When The Articles Of Confederation Were Not Working Well

    807 Words  | 4 Pages

    Because of this it was decided that the national government must be strengthened in order to develop uniform economic policies and protect property owners from infringements on their rights by local majorities

    Read More

  • Rhetorical Analysis Of Benjamin Franklin's Speech

    410 Words  | 2 Pages

    As found in the third paragraph of his appeal, “Much of the strength and efficiency of any government, in procuring and securing happiness to the people,

    Read More

  • How The Articles Of Confederation Hindered The Central Government

    843 Words  | 4 Pages

    That, in turn, preserves the liberty of the people from overbearing

    Read More

  • Samuel Johnson Statement Relating To The American Revolution

    1098 Words  | 5 Pages

    “Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one. ”1 -Thomas Paine, “Common Sense” In 1763, Dr. Samuel Johnson, an Englishman, said, “If the abuse is enormous, nature will rise up, and claiming her original rights, overturn a corrupt political system.” This statement has been validated throughout the course of human history.

    Read More

  • Aaron Burr Vs. Thomas Jefferson

    376 Words  | 2 Pages

    A respectable government prevents violent and allows freedom to all men no matter the cause. “That

    Read More

  • The Purpose Of An Effective Government System

    678 Words  | 3 Pages

    t: "the legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves-in their separate, and individual

    Read More

  • George Washington's Debt Crisis

    809 Words  | 4 Pages

    Like an investment, the government puts money into society, hoping to get a more substantial amount of money back. But with unemployment low the government is investing money into society and the investments are not paying off. The unemployed (7.8 million people) can’t or won’t pay and middle class doesn’t make an effective salary. If a significant amount of people are not working that means the government is missing out on vital income tax. And the middle class alone can’t fight off the $19.3 trillion dollars of debt.

    Read More

  • Compare And Contrast Scain And Bennett's

    906 Words  | 4 Pages

    The Great Depression of 1929 not only hit America severely but also devastated the Canadian economy where had the USA as a main partner of trading. This high interdependency on America brought a huge shock to Canada and her economy was replete of increasing unemployment and poverty. Two governments, here, attempted different approaches to recover the massive aftermath and these can be divided into two phases: Bennett’s government of 1930-5 and King’s of 1935-9. Although they both faced failure from Laissez-Faire, they had made different attempts in terms of unemployment, trade and economy including foreign affairs, and agriculture. Both governments here tried to reduce the unemployment by providing pubic works schemes and relief programmes.

    Read More

  • Henry David Thoreau's Civil Disobedience

    1371 Words  | 6 Pages

    The American government acts as the beating heart of the body. The heart allows blood to flow throughout the whole system. Without a heart, blood would remain unable to move as a collective whole. Both authority and its citizens must work simultaneously; one cannot function without the other. Jefferson expands upon the symbiotic relationship and reveals the ideal partnership between the people’s rights and the state.

    Read More

  • The Failure Of Leadership In Machiavelli's The Prince

    981 Words  | 4 Pages

    The overall goal of the government should be the well-being and stability of the state. He states that leaders

    Read More

  • Effects Of Overpopulation In China

    1228 Words  | 5 Pages

    Unemployment will cause lower salaries because more workers but less jobs, so the people that cannot find a job in China they will find a job in other countries. Some of the degree graduated student cannot find a job in the China because there was not job for them. According to Patience (2013), the companies were less hiring 15% graduated students from last year. That was a bad news for the graduated students because they were just a few of companies’ job to choose. Unemployment make the students stress.

    Read More

  • Argumentative Essay On Unemployment

    798 Words  | 4 Pages

    Unemployment happens when individuals are without work and effectively looking for work.[1] The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.[2] According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012 There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.

    Read More

  • The Problems Of Unemployment As A Social Problem In Society

    2016 Words  | 9 Pages

    Typically, one does not think about unemployment being a social problem, unless you are someone that is unemployed or has experienced unemployment. Unfortunately, unemployment is becoming a serious social problem today in society. Many people who happen to be unemployed are more than capable of working they just do not have the proper experience or flexibility that a job requires. Many are also unemployed because there are not enough jobs for everyone. The unemployment rate is rising every day and the something needs to be done to stop this.

    Read More

  • Causes Of Unemployment In Kenya

    1358 Words  | 6 Pages

    Unemployment in Kenya is attributed to a number of factors that include: rapid growth of the population and the labour force, skill mismatch, information problems in the labour market, structural adjustment programs, slow or declining economic growth, and the labour market setup, among others. High population growth rate in Kenya has resulted in a relatively young population and a large population of youth in the population of the working age (Njonjo, 2010). This increase in the youthful population and increasing labour force has led to labour supply outstripping demand. Consequently, unemployment, especially among the youth, has surged. In particular, high population growth has resulted in higher levels of unemployment.

    Read More

  • Essay On Unemployment In India

    934 Words  | 4 Pages

    The employment growth has not been proportionate with population and GDP growth. The fact that there has not been any significant growth in employment despite considerable acceleration

    Read More

More about Unemployment In Hong Kong Case Study

Open Document