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Albert Lai September 2004

HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT. Albert Lai September 2004. THE BUSINESS CASE FOR POVERTY ALLEVIATION. Risk of Sustainability. * Is this a Sustainable trend?. An Embedded Ideology. * Strict fiscal discipline. * Reduce government deficits & taxes.

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Albert Lai September 2004

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  1. HONG KONG PEOPLES COUNCIL FOR SUSTAINABLE DEVELOPMENT Albert LaiSeptember 2004 THE BUSINESS CASE FOR POVERTY ALLEVIATION

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

  3. 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

  4. 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 ?

  5. 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

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