The Dark Shadow Shrine

embrace the darkness; that you may see the light nestled within it......

Saturday, June 15, 2019

Hong Kong's long-term economic outlook at stake

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If u follow the argument that education often leads to protests (given that protests are often initiated by or involved intellectuals or students fighting for their rights or certain social injustices that education has opened their eyes to), then u can go on to argue that such protests may impede the economic progress....the logic for this can be seen in the latest ongoing HK protest over the controversial Extradition Bill:

There are immediate, localised effects: Pacific Place, a luxury shopping mall, closed on Thursday due to ongoing protests in the area. Dragon boat races scheduled for yesterday, which had been expected to draw around 60,000 spectators, were cancelled.

Hong Kong's economic growth had slowed in the fourth quarter of 2014 from the previous period, and the government back then partially blamed that weaker performance on the protests, saying it "affected tourism, hotel, catering, retail and transport industries". The government also said then that "prolonged political bickering is detrimental" to Hong Kong's international image as a stable and efficient city.

recent social contradiction and economic instability" that would negatively affect Hong Kong's commercial property market.

Prior to the protests, the Hong Kong government's official forecast was for the economy to grow between 2 per cent and 3 per cent this year. Economists surveyed by Bloomberg saw the expansion coming in at 2.2 per cent this year, down from 3 per cent last year.

"If Occupy Central and Sars didn't stop foreign investments in Hong Kong, I don't think this will


Qn: Discuss the claim that education guarantees progress.