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How globalization affect Hong Kong

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Ella Hua

on 17 October 2015

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Transcript of How globalization affect Hong Kong

How globalization affect Hong Kong
To a great extent that globalization improved Hong Kong citizen’s life quality
To good extent, globalization affected Hong Kong geographically
To a great extent, globalization affects Hong Kong’s economy
According to the Report from HONG KONG EXAMINATIONS AND ASSESSMENT AUTHORITY, citizens life quality has increased.

For example, better community facilities (new wet market, community hall, etc.); newer and better facilitated flats in a nearby district, changing their well established living styles, advanced technology and skills imported for enhancing productivity (more public fund for the improvement of public infrastructure, social well-being, educational opportunities).

The content of this piece of sources emphasis how globalization impact Hong Kong citizens to a higher quality of life with imported goods and facilities -According to one of our source from interview(A women has lived in Hong Kong for 50 years), she stated “My quality of life now is better because there are more foreign goods that I could buy much easier than before and the environment I live in was much better comparing to the old days with excellent facilities and bigger house.”

Therefore, globalization affected Hong Kong citizens’ life quality a lot.
However, Hong Kong’s poverty gap becomes bigger as the economics and life quality raised.
In 2006, Apple Daily announced that Hong Kong is the wealthiest place among 229 countries and districts.
However, it's also stated that Hong Kong has the biggest wealth gap in Asia.
This is significant because the globalization brought competitions and import technology to Hong Kong, Hong Kong forced to expend their service economics with valuable and high educated service and activities.
However, for those who is less educated and could only do jobs such as work in factories, will lost their job.
Therefore, for those poor people, their quality of life has decrease.
According to EY’s annual globalization report, in February 2014, Hong Kong has led the Globalization Index, ranking first among 60 largest economies in the world for three years.
This report was based upon EY’s globalization index.
This index measures the worlds largest economies according to their degree of globalization related to GDP.
Also, a survey of 730 senior business worldwide was also considered.
The purpose is to allow people to know Hong Kong’s high globalization degree and the tight relationship with globalization and economics.
This sources is very valuable as HK is the most globalized city according to the index which measures the growth of globalization with the GDP.
This is important because Hong Kong’s market has an outstanding result on these categories compared with the average according to the report.
For instance, the score of 8.89 for cultural integration; 8.46 for capital flows; 8.54 for exchange of technology and ideas and 8.27 for openness to trade.
Hong Kong market’s main strength is attracting foreign investment and exchange of technology and ideas.
These categories are all affected by globalization and end with a consequence which raise Hong Kong’s economics.
Globalization brought the remarkable transformation for Hong Kong’s economy.
In past ten years ending 2013, the Hong Kong’s services sector increased at average annual rate of 5.9 percent.
The Major services include accommodation and food services, real estate, professional and business services and financing and insurance.
In 2014, Hong Kong’s export of services which include travel services, merchanting and other trade-related services and transportation services beard a ratio of 48% to GDP.
This is valuable as the increasing service sector move up Hong Kong’s economy.
20 years ago, there were many factories which made garments, toys and electric products.
Now most of the factories are moved to mainland of China. Globalization brought more challenges of rapid technological charge and intense competition.
Hong Kong economy is much relied on higher value-added services and more knowledge-based activities.
Globalization is the reason why Hong Kong’s services sectors grow rapidly over the past years.
Hong Kong has become much more global since the World War II, people will no longer be able to live in their boats, where they will need to live on lands.
More people from overseas are coming to Hong Kong, especially the British.
In 1908 the British took over Hong Kong for 99 years.
As a result, Hong Kong has become a international city, where the economics and globalization degree are growing rapidly during the years.
Hong Kong become more globalized so that many people choose to live in the city and many people immigrate to HongKong.
Since then, reclamation is needed to build more housing and build more roads for transportation.
Therefore, the HK government reclaimed the Lantau island and built the Chek Lap Kok airport according to the book “ A Century of Hong Kong Island Roads and Streets” by Cheng, Po-hung.
Also, in Shau Kei Wan, half of the highlands are now being flatten down to build housing and apartments for the citizens.

Another reason that Globalization impact Hong Kong geographically is because, it lead Hong Kong to become an busiest and most efficient international container ports in the world.
According to the Hong Kong port development council, It handled 22.2 million TEUs of containers in 2014.
The port provided about 350 container liner services per week connecting to about 510 destinations worldwide.
This allows Hong Kong to become a place of transport and a transition place of goods and business.
Hence, the government need to reclaim lands for people to live and the rebuilt of airport in Chek Lap Kok for a better transportation.
Reclamation of the Chek Lap Kok airport
By: Ella Hua, Charlotte Lam, Kiana Chong, Maggie Lau 10H
Process Journal
18th Sept 2015

11th September 2015
What to achieve:
-decide on the sources that we will be using for our whole project
think of the interview process and question
decide the themes that we are going to include.
research the fact including geographical, quality of life and also economic.
Finding out the impact of these changes in the past 100 years (Ella) Gather photos that are related to Hong Kong 100 years ago (Kiana)
Finish the interview that will be done tomorrow, set question to ask (Maggie)
Start to make the prezi, and organize the information, also find the GDP of 100 years ago (Charlotte)
14th September 2015
What to achieve:
Elaborate the pictures that are found, write it in words and explain it in detail (Kiana)
Translate the interview from chinese to english (Maggie)
Continue writing the impacts on the society and thus to find information about globalization, find the relationship between globalisation and three themes, analysis and evaluate the data. (Ella)
Find arguments from Hong Kong residents to the point how good or harm economic globalization brought to the quality of life of people in Hong Kong (Charlotte)
What is achieved:
Interview analysis + translation
Analyze pictures of Hong Kong 100 years ago
Founded some economic changes in Hong Kong with graphs
Overcome arguments of economic globalization brought to the living standards of Hong Kong resident
Finish the prezi
Find the link between the themes
What will be done next?
Research on the economic before and making a comparison plus an analysis.
Sum up the effects on Hong Kong geographically
Prezi (with all information and pictures + Process Journals)
Wealth Gap and Globalization sum up

* The colored parts are the lands that are reclaimed
Globalization has affected Hong Kong's economic and the quality of life the most siginicantly. The second most significant impact geographic the second.

Globalisation has affected Hong Kong's economics the most significantly because of the following reasons. Firstly, Hong Kong is the most globalized place in the world, it’s GDP rise with it’s degree of globalization rapidly. Secondly, Hong Kong is forced to development it’s service sector(valuable and highly educated service) of economics because of globalization. The service sector new has grown into a ratio of 92 percent of the total GDP. Therefore, Globalization has affected Hong Kong’s’ economies the most siginificantly.

Globalization also has affected Hong Kong citizens quality of life the most significantly as the economics rise including getting foreign good easily, better transportation (Hong Kong’s MTR was designed by an American), great facilities, bigger and nicer house... However, while the quality of life increased, Hong Kong become the place that has the biggest wealth gap. For instance, Hong Kong now become an service based economics, which need high educated people. The less educated people will lost their job which enlarge the wealth gap. Therefore, globalization has affect citizens life the most significantly, however enlarge the wealth gap.

Globalisation has affected on geography the second most sigificantly, however it still has a large impact. The main change is the reclaimed in ocean and the flattened of the mountains. To put it into perspective, around 25 percent of all developed land in Hong Kong is built on reclaimed land and the whole Shau Kei Wan is build on the flattened mountain. However, it destroy the environment of the Chinese white dolphin by with water pollution. Therefore, globalization affected on the geography aspect a lot.

There are some links between the aspects above. For instance, while globalization rise the economics of Hong Kong, the life quality of citizens also increased with imported good and new technology. Also, economics has an impact on the geographic aspect because both reclamation and mountain flatten need lots of money. The core program of the reclaimed of Chek Lap Kok airport cost more than 20 billion HKD. Also, the reason of reclamation and mountain flatten is because Hong Kong because more globalized and it’s economics rise, more people wants to migrate to Hong Kong. Therefore, reclamation is need to build more house for citizens to live. The geographic aspect also impact Hong Kong citizens life quality as they could has bigger and nicer house to live and easier transport with the geographic change.
Online Resources (English):
"Review: A History of Hong Kong."
Journal of the Hong Kong Branch of the Royal Asiatic Society
32 (1992): 224-26. Web. 14.Sept. 2015.
"Hong Kong Trade Statistics." Hong Kong Trade and Industry Department, n.d Web. 14 Sept 2015. "Hong Kong Profile- Timeline- BBC News."
BBC News
. N.p., n.d. Web. 14 Sept 2015
"Hong Kong Economic And Trade of Hong Kong." Hong Kong Economy Research. HKTDC, n.d. Web. 7 Sept. 2015.
“Old Hk Photo." Oldhkphoto. N.p., n.d. Web. 7 Sept. 2015.
"Gwulo: Old Hong Kong's Photos." Gwulo: Old Hong Kong. N.p., n.d. Web. 7 Sept. 2015.
"Reclaiming Hong Kong." Timeout Hong Kong. N.p., n.d. Web. 7 Sept. 2015.

Online Resources (Chinese):
Books Resources:
Wiltshire, Trea. Hong Kong: Pages from the past. Hong Kong: FormAsia, 2003. Print.
Cheng, Po-hung. A Century of Hong Kong Island Roads and Streets. Hong Kong: Joint Pub. (H.K.), 2001. Print.
Wong, Chee-keung William. Xun Chang Xiang Mo: Huang Zhiqiang Jing Tou Xia De Xianggang He Aomen = Ordinary Faces of Hong Kong & Macau: Through the Lens of William Chee-keung Wong. Xianggang: Ming Bao Chu Ban She You Xian Gong Si, 2005. Print.
Lee, Man-nei Sherry. Hong Kong: Past & Present. Hong Kong: FormAsia, 2003. Print.

Geographical change in Hong Kong
Full transcript