Conflicts in measuring income disparity in Hong Kong
In terms of comparison between the west and east, parallels are often drawn between the two cities of New York and Hong Kong. They are both relative in terms of population, square foot area, lifestyles and even constructions and economy. However, unlike New York, Hong Kong’s rise to power in the global economic scene started only in mid 90’s and had shown exponential results—its gross GDP growing a whopping 180 times in the period between 1961 and 1997. The city had been popularly described as “World’s greatest experiment in laissez-fare capitalism” by Milton Friedman. In ...
