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Introduction to Economics. The Barrier-free travel scheme. Presentation outline. Introduction of The Barrier-free travel scheme The consuming mode Case study of SASA Employment situation Comparison of Hong Kong and Macau Social Problems Conclusion. Introduction.

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introduction to economics

Introduction to Economics

The Barrier-free travel scheme

slide2

Presentation outline

  • Introduction of The Barrier-free travel scheme
  • The consuming mode
  • Case study of SASA
  • Employment situation
  • Comparison of Hong Kong andMacau
  • Social Problems
  • Conclusion
introduction
Introduction
  • Recession period in

Hong Kong

  • China Joining the WTO
china action helping hong kong
China action – helping Hong Kong
  • CEPA (29th June 2003 )
    • Allow dwellers traveling

by their own identity

    • Barrier-Free Travel

Scheme visa

general condition
General condition
  • Increasing quantity on tourist
  • Consume HK$5,000-7,000

per tourist

  • 70% mainland tourist

stay overnight

special situation
Special situation
  • Golden week
  • National Day
  • Lunar New Year
  • The per capita

consumption can reach HK$10,000

the top ten consumption
The top ten consumption
  • Clothes and ornaments (famous brands)
  • Accommodation
  • Jewelry
  • Electronic equipment
  • Timepieces
  • Cosmetic and perfume
  • Leather products
  • Computer products
  • Daily commodities
  • Video products
slide10

Barrier-free travel scheme’s

impact on Hong Kong business

Case study of SASA

case study of sasa
Case study of SASA
  • Basic Background:
  • a listed company
  • cosmetic retail, cosmetic wholesales, facial and gymnastic services
  • business on Hong Kong, China, Singapore, Malaysia and Taiwan
  • internet purchasing
analysis
Analysis

Tourists

affect

SASA

Benefit form the Barrier-free travel scheme

analysis14
Analysis
  • SASA’s strategies---
  • buying behaviors of the tourists

2. A larger spatial for shopping

  • Real benefit from the Barrier-free travel scheme—
  • “the favorite Hong Kong brand of the China tourists” (中國旅客最喜愛香港品牌)
  • “the highest vote of the China tourist” (國內旅客投票最高榮譽大獎
  • The future of open market in the mainland--
  • Short term
  • Long term
slide15
Barrier-Free Travel scheme

AND

Employment situation

unemployment rate 1997 2005
Unemployment rate 1997-2005

Census and statistics department/unemployment statistics/:

graph showing the derived demand for labor
Graph showing the derived demand for labor

Product market

Labour market

P

P

S

P2

P1

D1

D2

D2

D1

Q

Q

Q1

Q2

the growth rate of employment between 3rd 2003 to 1st 2004
The growth rate of employmentbetween 3rd 2003 to 1st 2004

綜合住戶統計調查按季統計報告書

private consumption expenditure
Private consumption expenditure

Census and statistics department/Hong Kong Statistics/Private consumption expenditure /:

slide23

Hong Kong

Macau

Mark six and horse racing

Casinos

Entertainment

Stable exchange rate to mainland

Quality Tourism Services Scheme (QTS)

Shopping

The Hong Kong Disneyland and the Ocean Park

Theme park

The Fisherman’s Wharf

Government allocated little on Culture and arts

Culture and arts were well promoted

Art and culture

Investment, entertaining in the casinos

Visiting, shopping and playing in the theme parks

The aims of visiting

slide24

Social Problems

Of

Barrier-free travel schedule

disadvantages
Disadvantages
  • Illegal workers
  • Prostitution
  • Beggars

- 197 beggars in 2004

  • The doubtful accounts of Hong Kong Hospital

- healing patients first and then charging fees

- 95 % Chinese travelers

advantages
Advantages
  • Economy
  • Employment
  • Education

- Cantonese

- English

- Putonghua

case study on disney
Case Study on Disney

Positive Effect

  • Economy
  • Unemployment

Negative Effect

  • Hygiene

 Hong Kong’s reputation

conclusion

Conclusion

Barrier-Free Travel scheme creates prosperous tourism

increasing economic profit

Equation in accountant way:

Economic profit= total revenue – economic cost

i.e Accounting profit= total revenue – explicit cost

comprehensive economic profit
Comprehensive economic profit
  • Considering the cost of implicit
  • negative social effects derived from that scheme
  • Equation:
  • Economic profit= total revenues- explicit cost- implicit cost.
other factors lower the profit
Other factors lower the profit
  • The implement of CEPA
  • HK companies expand their business in China
  • Total revenue decrease
  • The imposition of custom tax
  • Increasing the cost of travelers
conclusion32
Conclusion
  • Barrier-Free Travel scheme creates economic profit in the short run
  • Suggestion:
  • Diverse the development of various industries