SMEs are an important driving force in Hong Kong’s economic development. At December 2010‚ there were about 296 000 SMEs in Hong Kong. They constituted over 98 per cent of the territory’s business units and accounted for about 48 per cent of private sector employment. The Government attaches great importance in supporting SMEs at various stages of development. The Small and Medium Enterprises Committee (SMEC) was appointed by the Chief Executive (CE) to advise him on issues affecting the development
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GDP The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country’s economy. GDP can be defined in three ways‚ all of which are conceptually identical. First‚ it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second‚ it is equal to the sum of the value added at every stage of production (the intermediate stages) by
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Adolescents in Hong Kong This is a study of mass media in Hong Kong by focusing on how teenagers consume internet by researching on the usage & categories (this will give a solid introduction to this paper) and three modern problems (heavy uses of social platform‚ internet addiction‚ and online gaming addiction“) that a number of teenagers in Hong Kong seems to have or come across with‚ with reference to data and information that suggest the existent of these phenomenon. In addition Hong Kong’s data
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Between HRM and Firm Performance Stockholm School of Economics in Russia Working Paper #07 - 101 OPENING THE BLACK BOX OF THE RELATIONSHIP BETWEEN HRM PRACTICES AND FIRM PERFORMANCE: A COMPARISON OF USA‚ FINLAND‚ AND RUSSIA CARL F. FEY Institute of International Business Stockholm School of Economics S-11383 Stockholm‚ Sweden Tel: (46-8)-736-9501 Fax: (46-8)-31-9927 Carl.Fey@hhs.se and Stockholm School of Economics Russia SERGEY MORGOULIS-JAKOUSHEV Stockholm School of Economics Russia 191186‚ Shvedski
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1. How did Singapore achieve extremely high economic growth rates after 1965? Singapore’s high economic growth rates since 1965 may arise from government centralized control and vision. Singapore government was a core organization‚ formulated strategic plans to correspond with each period necessities and future needs. We separated in two main periods: The 1960s-1970s Issue: Minimal natural resources and a population of two million people High unemployment rate and low capital base
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ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
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The balance sheet consists of assets and liabilities of any firm. The assets are called as the uses of the firm and the liabilities are called as the sources of the firm. Sources of the firm: (Debts or liabilities): The debts or liabilities are the claims of the outsiders against the assets of the firm. The liabilities refer to the amount payable by the firm to the claimholders; i.e. the amount owed by the firm to other parties. For an obligation to be recognized as a liability‚ it must meet three
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of corporate cash holdings during the recent crisis. I create two categories of firms; one with financially constraint and unconstraint firms classified on their size and one with financially constraint and unconstraint firms based on the de size of their dividend payments. Unconstraint firms do not manage their cash holdings in normal conditions‚ but when conditions deteriorated during the crisis also unconstraint firms had to decrease their cash holdings to absorb the negative macro economical shock
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in Hong Kong is housing problem. Hong Kong has 7.3 million people living on 1‚100 sq. km of land. There were around 6‚700 people living on every square km. However‚ the ‘right to adequate housing’ and the ‘right to affordable’ are important dimensions resting on the foundation that adequate housing is a basic human need (Leckie 1992; Bengtsson 1995) and which ensures access to a safe and affordable home with freedom from forced eviction. This is the basic meaning in livable. However‚ is Hong Kong
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OASIS HONG KONG AIRLINES LIMITED – WHAT WENT WRONG AND WHAT SHOULD HAVE DONE TO SAVE IT FROM BANKCRUPTCY Table of Content 1. 2. 3. 4. 5. 6. Company Background Liquidation Timeline Causes of Failure Impacts of Oasis’s Case What Should Have Done to Save Oasis from Bankruptcy Conclusion Company Background Oasis Hong Kong Airlines Limited • Long-haul budget airline • Hub at Hong Kong International Airport • Founder Mr. Raymond Lee Ms. Priscilla Lee • Started operation – Oct 26‚ 2006 Company
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