The Econonic Future of Hong Kong
The Economic Future of Hong Kong (speech)Innovation and technology are widely recognized as powerful drivers of economic growth in the 21st Century. Nowadays, people attach much importance to innovations for no matter schoolwork or even in daily lives. Innovation is the spearhead to a Hong Kong of world-class and knowledge-based economy. To make Hong Kong the center of Innovation and Technology, Hong Kong should try to maintain its international competitiveness. How could we do this? Hong Kong can introduce more efficient ways of performing activities like cost reduction or creating greater buyer value. Innovation includes both improved technology and better methods of doing things. Innovation is broadly used in all kinds of activities. For example you can improve your products' quality, design new ways to package your goods, make new systems to improve the economic situation in Hong Kong.To achieve the above, the advance in technology is very important too. The success of United States and Japan is an example.Apart from technology, the government intro
It is also planned to set up an Applied Science and Technology Research Institute and an Innovation and Technology Fund with 5 billion dollars in it. They idea is very good but a lot of money have to be used in this project. The computerized fare collection arrangement under the Octopus system could enable the bus companies to improve their accounting and information systems. Why would they spend time on parks with the same theme, games and stuff? By that time are we going to pull the Disneyland Park down?People want new things. If for commercial use, Hong Kong can export the materials. People in Hong Kong go abroad to visit the Disneyland and had spent a lot of money. Not long after in Penny's Bay, a Disneyland will be lying there. The Innovation Expo on the 23 November aims to demonstrate Hong Kong's technology capabilities through display of technological achievements of local businesses, industries, academia and industry support organizations. 5 years later when the Hong Kong Disneyland Park is being completely built, people may still have the motivation to go to see the new area. This not only attracts local residents but also tourist to come. After 5-10 years, people will think is it boring. The government has formulated the "Digital 21 -Information Technology Strategy" also named the "cyberport" to encourage IT development. The tourist would spend a lot of money in local shops and hotels.
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