29
August
2019
|
17:25
Europe/Amsterdam

Study: Economic factors play important role in Hong Kong's turmoil

Researchers from the Asia Competitiveness Institute (ACI) of the Lee Kuan Yew School of Public Policy at NUS presented the findings of their study on the economic factors behind the massive protests in Hong Kong at the 2019 Asia Economic Forum. They analysed income inequality, private housing prices and wages and found that income inequality has been increasing in the city due to a rise in property and consumer prices, and unemployment. One of the researchers, Visiting Assoc Prof Tan Khee Giap, ACI Co-Director, noted that the key lesson that Hong Kong and other countries should learn is to never allow dissatisfaction, especially of public services, to escalate.