THE BUSINESS CASE FOR POVERTY ALLEVIATION

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Presentation transcript:

THE BUSINESS CASE FOR POVERTY ALLEVIATION HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT THE BUSINESS CASE FOR POVERTY ALLEVIATION Albert Lai September 2004

* Is this a Sustainable trend? Risk of Sustainability * Is this a Sustainable trend?

Washington Consensus vs Sustainable Development An Embedded Ideology * Strict fiscal discipline * Reduce government deficits & taxes * Reduce role of state Washington Consensus * deregulation * Improve conditions for FDI * trade-oriental policies Washington Consensus vs Sustainable Development

* Is HK a victim of Washington Consensus ? A Widening Gap Reducing ability to provide government support Increasing need for public support Worsening poverty Tax freeze structural deficit “jobless” growth globalizing forces * Is HK a victim of Washington Consensus ?

Business Case for Poverty Alleviation Collapsing Vision of a Caring Society Threat to business / FDI environment Social risk Social justice POVERTY Sustainable development Lost capital, lost opportunities