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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 l.jpg

Introduction to Economics

The Barrier-free travel scheme


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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 l.jpg
Introduction

  • Recession period in

    Hong Kong

  • China Joining the WTO


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China action – helping Hong Kong

  • CEPA (29th June 2003 )

    • Allow dwellers traveling

      by their own identity

    • Barrier-Free Travel

      Scheme visa



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General condition

  • Increasing quantity on tourist

  • Consume HK$5,000-7,000

    per tourist

  • 70% mainland tourist

    stay overnight


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Special situation

  • Golden week

  • National Day

  • Lunar New Year

  • The per capita

    consumption can reach HK$10,000


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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


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Barrier-free travel scheme’s

impact on Hong Kong business

Case study of SASA


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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


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Analysis

Tourists

affect

SASA

Benefit form the Barrier-free travel scheme


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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


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Barrier-Free Travel scheme

AND

Employment situation


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Unemployment rate 1997-2005

Census and statistics department/unemployment statistics/:


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Graph showing the derived demand for labor

Product market

Labour market

P

P

S

P2

P1

D1

D2

D2

D1

Q

Q

Q1

Q2


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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


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Private consumption expenditure

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


Labour market low technique s job l.jpg
Labour market (low technique’s job)

Wage

S

P2

P1

D1

D2

Q1

Q2




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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


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Social Problems

Of

Barrier-free travel schedule


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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


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Advantages

  • Economy

  • Employment

  • Education

    - Cantonese

    - English

    - Putonghua


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Case Study on Disney

Positive Effect

  • Economy

  • Unemployment

    Negative Effect

  • Hygiene

     Hong Kong’s reputation



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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


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Comprehensive economic profit

  • Considering the cost of implicit

  • negative social effects derived from that scheme

  • Equation:

  • Economic profit= total revenues- explicit cost- implicit cost.


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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


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Conclusion

  • Barrier-Free Travel scheme creates economic profit in the short run

  • Suggestion:

  • Diverse the development of various industries



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