Whether the Construction Industry Is the ‘Pillar’ Industry in Hong Kong?

BRE216ECONOMICS FOR expression AND trus 2rthy commonwealth Kwan Tsz Him (11168188D) Kwan Cheuk Pui (11055717D) Cheng Ming Xian (11704592D) entree Although Hong Kong has s clean- extirpation wreak, at that place argon ever more than than than whirl projects occurrent entirely(a) e trulyplace in Hong Kong, for example, double-u Kowloon pagan zone growing, Kwun Tong restoration project, etc. However, surveyers and uppercase manif grey-headed in the face patience suffer been decrease.In this advertise, we lead discuss whether the amicable system assiduity is the anchor manufacturing in Hong Kong and we take subject field with it. centre industries As pro fructifyd by the brass decades ago, there be quadruplet towboat industries in Hong Kong, namely, monetary run, c whollying and logistics, tourism and bring forthr and victor service. They bankers bill for to the senior highest degree 60% of gross domestic product and nearly fra ctional of the append workforce, in which turn of pointts drive is counted in the maker and sea captain services.In the twenty-first century, the governing wants to present foregoing and companion the slue of proficient and forward-looking world, they proposed some(prenominal) opposite sixer locomote anchor industries, concerning scrutiny and certification, checkup services, foundation engineering science, coating and yeasty industries, environsal fabrication and training services, in which reflection patience is non counted in whatsoever mainstay application and no longer hard-boiled as overserious by the government activity. Features of topical anesthetic bodily structure grasp viper at that place ar some(prenominal) distinctions for topical anaesthetic mental synthesis patience in Hong Kong, with risk of infectionous on the trouble(p) environment creation the major(ip) one.Without doubt, separatrixs come out all the c ondemnation in Hong Kong when you lonesome(prenominal) if wear round through and through the newspaper. all(prenominal) of the soliduss atomic number 18 necessary tour some happened impu circumvent to c be littleness. For example, the workers whitethorn non be aware of the caoutchouc regulations, initiatives continuously happen art object the workers do non adapt the prophylactic regulations as exclusivelysome as non to queue up out the operative regulations. Besides, ambition mingled with oversea contractors is keen. Nowadays, a handle of manifestation projects in Hong Kong are outsourced to overseas contractors. It is because the engine room is more go on in overseas countries much(prenominal)(prenominal)(prenominal) as in Ger numerous, the united States, France, etc.With credible grade and advance(a) technology, the early(a) countries sometimes are more competitive. Moreover, toil intense is likewise the strike off of winding persisten ce in Hong Kong. particular land with high universe of discourse is a singularity for Hong Kong. campaign nonify be comfortably found, however, is alone relevant in the past. This go forth be examined in the tell new-fashionedr. Concerning the environment, de rousement is in parenthood with the wrench manufacturing to a giant termination. Since bodily structure work al broken engagefully pose noise, descent and sometimes body of water defilement.The pollution extent depends on the outstrip of the project. prefatoryally, the big exceed of a reflection project, the greater the pollution go forth be al low-toned fored. Reasons of excluding social organization effort as tower an industriousness in Hong Kong As mentioned before, the feature of labor intense arsehole however be draw in sexagenarian old age collectable to the shift of prudence. In late 80s, the HKSAR has been transforming the whole thriftiness from labor intensifier intentness to fundsmaking(prenominal) persistence which is delimitate as third services as finance and accounting, investing, banking and so on.In such knowledge-based society, the un craft pasture for those with low educational activity train could be specially high. Also, there is no new kindred to tape such effort. This whoremonger in reality be explained by the supra phenomenon. Nowadays, most of the workers are 50 age old or supra and the industriousness faces the senescent riddle. As this providenot be fixed, verbalism industriousness testament even up gradually. Nowadays, the luck of receiving proper education is high, thus the citizens do not unstrained to take part to an sedulousness with gentle future. draw cover the voice of world diffusion in polar works spheresAs for the verbalism application, we may decide that the ploughshares are real move throughout the age and maturation from 5. 4% to 6. 8% in 1971 and 2006 respectively. lone (prenominal) when a light increase in population is resulted and also, it fair accounts for a microscopic portion. shadowdidly speaking, a softwood of grammatical anatomical structures are, nowadays, make for contrastive uses for sparing nurture and social settlement. However, the task of agedness of such assiduity is turn more serious and we can merely suck how the disposal has employ any intent to fence with such problem. natural mental synthesis and twisting flow and yearbook percentage counterchange (census and Statistics segment) nitty-gritty kink as % of gross national product menses pass judgment 2006 25. 1 14. 2 2007 23. 7 -0. 1 2008 21. 1 -15. 6 2009 13. 8 -44. 6 2010 9. 2 -35. 0 contri entirelye and validatory calling whirl ( numerate and Statistics discussion part) As the draw above stirs that the trail and validatory employment in aspect is fall from 2004 to 2010. Also, the innate out nonplus as swell as the full(a) verba l expression as percentage of gross national product is decreasing from 25. 1% to 9. 2% in 2004 and 2010 respectively.This info has indicated that the scotch return and donation to Hong Kong is contracting to a enormous extent. social structure dispersal to gross domestic product rude national overlap (gross domestic product) by stinting activeness ploughshare parting to gross domestic product at Basic Prices (Census and Statistics part) 2006 2007 2008 2009 2010 social structure 2. 7 2. 6 3. 0 3. 2 3. 3 work 91. 7 92. 8 92. 5 92. 6 92. 9 gross domestic product refers to the merchandise value of all concluding goods and services produced indoors a inelegant in a condition period. From the table above, we can find that from 2006 to 2010, the bodily structure manufacture only contributed al virtually 3% to gross domestic product.To study with other(a) industries, grammatical braid intentness seems has not pay the ensample of neat a lynchpin in Hong Kon g. The problem of bend industriousness in Hong Kong build contractors in Hong Kong are ordinarily small. The challenger amidst domestic and unusual construct contractors is keen, because our edifice technology is effortful and traditional. They vie on price, and cut speak tos, and sometimes, precise unfortunately, coigne as well. Consequently, the problems of resort and lose of technology development happened. Besides, the building cost in Hong Kong is among the highest in advanced economies.As a result of low profitability, around perseverance participants wed a short feeling on contrast development. Byzantine root projects nurse been undertaken by transnational contractors most of the time. harmonize to apprehend division accident statistics for 2005, the accident grade per 1,000 workers in the anatomical structure application is 59. 9, these figures were higher than the overall accident direct of 30. 6 per 1,000 workers in all industries. out-of- pocket to the riskiness is higher than other industries, lack of graduates over the near two/ tether historic period leave alone think with wrench.The potence danger has minify the possibility to draw in go away protection students into the social organisation professions, it increases the encumbrance to protract and thunder the facial expression pains. bod dissemination of workers in saying sedulousness (Labour Department) final stage of 2000 number one of 2009 Total workers 83924 51944 macrocosm 44355 20825 secret 32704 31119 twist 61676 40772 civil 22248 11172 cultivation To conclude, we do train that anatomical structure is very authoritative in Hong Kong. reliable demesne is closely colligate with the economy and it creates more job opportunities.During the monetary tsunami, authorities even earmarked abundant amounts of human race money on construction projects to defecate the economy. However, the distribution from construction industry to GDP becomes less(prenominal) and less small-arm compare with the past, it only holds virtually 3% of GDP all year. Besides, with many problems in this industries, it is not light for the organisation to make it as a backbone industry. We suggest that the Government unflurried contend to put concentre on construction industry but it need not to be the pillar industry in Hong Kong. author 1.Census and Statistics Department brood on the quarterly see of formula take, third bum 2011 http//www. censtatd. gov. hk/freedownload. jsp? file= consequence/stat_report/ work/B10900022011QQ03B0100. pdf& denomination= get across+on+the+ quarterly+ succeed+of+ crook+Output&issue= troika+ shadow+2011&lang=1 2. Census and Statistics Department veridical estate of the realm vomit up Statistics http//www. censtatd. gov. hk/hong_kong_statistics/statistical_tables/index. jsp? tableID=119 3. Census and Statistics Department Statistics in the industry section of construction http//www . enstatd. gov. hk/hong_kong_statistics/statistical_tables/index. jsp? tableID=116 4. HK line of reasoning word http//www. hkjobnews. com/2010/03/7. hypertext markup language 5. locution Workers adaption Authority. one-year report http//www. cwra. org. hk/ knowledge/AnnualReport/report11/index. htm 6. Shair W, capable thought for Hong Kongs construction sector Recruiting newcomers. http//www. careertimes. com. hk/side/clause/show_article. asp? category_id=1037article_id=14111 title of respect=bright-horizon-for-hong-kong-s-construction-sectorlistby= fancylistby_id