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How Far Has Globalisation Changed Hong Kong?
Transcript of How Far Has Globalisation Changed Hong Kong?
HK Geographical and Globalization
Pros of Globalization
Give people in Hong Kong more access to worldwide product, such as international brand name jewelry accessories cars and public transports
Globalization help introduce different types of education systems into Hong Kong such as the IB system, it helped established the international school system and promote more and more Hong Kong schools to teach in bilingual courses
Globalization brings tourist from around the world to visit Hong Kong, helping different businesses in hong kong grow
-Hong Kong don't need to rely on manufacture business
- By helping Hong Kong’s rapid economy in the past 40 years, it have made a big impact on it’s GDP and economic growth.
How Far Has Globalization Changed Hong Kong?
Cons of Globalization
If globalization continues, the economy of Hong Kong will keep growing, but at the same time the price of property in Hong Kong will continue to rapidly grow, and more and more people will not be able to afford these costs.
Since more and more people from different countries with different cultures migrate to Hong Kong, the cultures are being shared among the citizens and Hong Kong’s culture diversity is being lost.
Source from: The Global
Competitiveness Report 2013-2014
Before when globalization still didn't affect Hong Kong, people still used their old building concept. After the architects from Hong Kong acknowledge the different style from different countries. They start to build buildings according to these various styles and modify it. This is an example of globalization, which different forms of knowledge from other countries are shared to each other. Just like New York and Hong Kong, the style of the city planning are quite similar.
-Tourism in Hong Kong have changed it's origin of people in the past years have dramatically, it have changed because of the development of globalization in variety of countries.
-Being a part of Hong Kong economic earnings, Hong Kong tourism expenditure in 2011 have been approximately $7000 dollar per capital
-Having about 4 million people visiting Hong Kong per month. Hong Kong have 3 main factors of earning, first being the internal trading, services in finical factors and one being tourism.
-The people of origin have changed dramatically through out the past 40 years being Foreigner as it's people of origin visiting the most in its early stage
-Later being the Mainlanders after the return in 1997. In nowadays China have claimed about 60% of our visits, 3.1% being America, 3% Taiwan, 2% being UK, 3% being South Korea, 3% being Japan and so on.
In it's early stage, Hong Kong have transformed into industrial country, having to produce Labor intensives.
-Where later in 1969 having Hong Kong transform into a successful land field of globalized city under the influence of the UK.
-After the returning of Hong Kong to China, the role of Hong Kong have changed, where its state of being a production state have been moved to the role of operating center of controlling the import and export of the production in China.
It is shown that Hong Kong's stock trading is ranked in being the 5th having a market of
US $2.63 trillion in stocking.
Source for economic:
-"Globalization - Support Program on Integrated Humanities." Globalization - Support Program on Integrated Humanities. N.p., n.d. Web. 21 Sept. 2014.
-"Economy of Hong Kong." Wikipedia. Wikimedia Foundation, 18 Sept. 2014. Web. 21 Sept. 2014.
Source for tourism:
-"Tourism in Hong Kong." Wikipedia. Wikimedia Foundation,
09 Nov. 2014. Web. 21 Sept. 2014.
-"Tourism Commission - Tourism Performance." Tourism Commission - Tourism Performance. N.p., n.d. Web. 21 Sept. 2014.
Globalization will lead to more import and export of goods and products from different countries to Hong Kong.In terms of transportation, it will get busier due to imports and exports on ships, trucks or plane.
-More varieties of goods from import
-More exports, will benefit the economy
-More trades will bring a better reputation
-Harming the environment ( co2 )
-Busier traffic , decreases efficiency
Globalization is an act of opening up from a local view and connecting to the other countries of the world.
-Economic Integration (Trading)
-Alliances (Countries Cooperation)
Old Hong Kong
But in 50 years ago, which is back in the 1960, was the important decade for Hong Kong economic rise. Because Globalization has started to effect Hong Kong, there were businessmen from different western countries such as England ,started interact with Hong Kong, investing in Hong Kong's economy and slowly began the process of globalizing Hong Kong.
Modern Hong Kong
Hong Kong became the international financial center which connects to different countries and
Hong Kong had finally became globalized country.
In the 60s, the economy started to improve and compare to the 50s, the economic growth raised 10%. Also there were text tile manufacture business going on HK. This business gave the 60s HK economy a huge boost. The economy of Hong Kong was starting to transform Hong Kong into a whole different country.
Transportation 50 Years ago
Back then when we didn't have that advance technology, transportation cost were expensive and a lot of average class people were not able to afford their own private vehicle. Most transportation were much slower and produced much more Co2.
50 Years ago
The number of tourist in Hong Kong has dramatically increase, due to technology which is available today that didn't exist 50 years ago
Technology which made Transportation:
-Much more accessible
Which helped tourism improve and increased the number of people traveling each year
Before this technology was invented people usually traveled by sea or train to reach Hong Kong which was considered expensive back in those times, took a very long time and was really inconvenient,this prevented a lot of people from traveling to Hong kong so not many people chose to come to Hong Kong.
Source: "HONG KONG HISTORY FOR DUMMIES." China Mike RSS. N.p., n.d. Web. 20 Sept. 2014. <http://www.china-mike.com/china-tourist-attractions/hong-kong/history-timeline-part4/>.
Schenk, Catherine R. "Economic History of Hong Kong." Eh.net. N.p., 16 Mar. 2008. Web. 20 Sept. 2014. <http%3A%2F%2Feh.net%2Fencyclopedia%2Feconomic-history-of-hong-kong%2F>.
Yu, Andrea. "Welcome to the 60s." Http://www.timeout.com.hk/. N.p., 20 June 2012. Web. 20 Sept. 2014. <http%3A%2F%2Fwww.timeout.com.hk%2Ffeature-stories%2Ffeatures%2F51601%2Fwelcome-to-the-60s.html>.
Analysis of the graph
Compare to innovate driven economy country, Hong Kong got more score than it (6/7 score) on financial market development. The infrastructure area also gain a high score than other countries, which is 6.7 score.
Using these two result from the graph, we can tell Hong Kong is a country that able to compete with other innovative countries and proving Hong Kong is definetly a globalized city, showing the difference between Hong Kong 60s.
As the graph shows, the amount of cargo and passengers in 1967 was 26.5 tons and 1.2 million respectively. But compare to now, the amount of cargo has shown a big contrast to the result in 1967, now there were 3742 tons of cargo and 46.3 millions of passengers.From the graph,We can tell that globalization has change Hong Kong.
-The effect of globalization has make impact on the economic of the country starts off in the 19th century while the interaction and working method of England have developed through out the course of history.
- Colonized and interacting with the UK have caused Hong Kong to develop a higher picture in Economy
-Having the UK to teach us their way of ordering and finance, starting our very first economical evolution.
The GDP of Hong Kong keep rising from the 60s. Although there are some falls on the GDP in the graph,still it didn't interfere the increasing of Hong Kong's GDP.Globalization has brought different opportunities for Hong Kong and it helps to transform Hong Kong to a different place than before.
Overall, we compare 60s Hong Kong and modern Hong Kong.We think globalization has transform Hong Kong entirely. It provides lots of opportunity letting Hong Kong to develop and gives a more broad view to the world than before.
"Hong Kong GDP 1960-2014." Trading Economics. N.p., n.d. Web. 22 Sept. 2014. <http%3A%2F%2Fwww.tradingeconomics.com%2Fhong-kong%2Fgdp>.
Hong Kong 50 year ago
Media has also played an important role, in helping tourism in Hong Kong grow. As it helps advertise Hong Kong city, towards the rest of the world attracting tourist from all over the world to come and visit.
Back 50 years ago, these type media didn't exist yet, Media such as the television has not yet been introduced to the world. International news didnt exist back then,and news from individual countries hardly reached the rest of the world. Alot of people back in the 1960's were not really educated about the outside world, and the situation about the different countries. Where international traveling was quite rare.
Cons of Globalization
-Globalization would affect the environment of Hong Kong since, more and more business complex such as malls will be erected for economical gain. Forcing forests to be cut down to be able to build these complexes.
-For international trade, the transportation for exporting and importing products by boats, cars, and planes will also damage the ecosystem since there will be a lot of Co2 which will be released into the atmosphere by these vehicles
-There are a lot of people who are already living in poverty and in cage housing, these increase property prices will not make their situation any better, but worsen the situation that they are already in.
Pros Of globalization
-Not only it helps the different businesses to grow, it also opens up more job opportunities and helps increase the employment rate in Hong Kong.
-Help individuals in Hong Kong have a better understanding of the the rest of the world
-Increase Hong Kong's Living standards
Opens Hong Kong up to a larger market. So businesses in hongkong can expand their markets to the rest of the world
By Y10 Trust, Kevin Kung, Amos Chiu, Sean Lee, Sylvester Chan and Wien Lee
ROLES OF EACH MEMBER
AMOS CHIU : Creating/Editing Prezi,Check for information error Introduction, Analysis, Conclusion, Research on different factors and Provide visual aid.
KEVIN KUNG: Pro and cons, Editing and checking for mistakes, Comparison of modern and 50 years ago Hong Kong for different factors, Creating/Editing Prezi.
SEAN LEE: Transport,Creating/Editing Prezi,
Research transport information on 50 years ago.
WEIN LEE: Tourism, economic, Creating/Editing Prezi, Research tourism and economics information on 50 years ago.
SYLVESTER CHAN: Architecture,media, Creating/Editing Prezi, Research Architecture information on 50 years ago.