The Financial Tsunami: Economic insecurity and social protection in Hong Kong

Abstract

Lee Kim-ming and Law Kam-yee examine the consequences of the financial crisis and the social measures package adopted by the Hong Kong government. They illustrate how the government lacked long-term strategies and commitments for protecting the people of Hong Kong against increasingly risky globalization and economic insecurity. They suggest that active labour market policies are the social policy tools the government can use to reform the social protection system.