A run for their money
Article Abstract:
The elite Royal Hong Kong Jockey Club is expected to survive the handover of Hong Kong to China in 1997, but the organization will be changing. The first ethnic Chinese chief executive, Lawrence Wong, has been named, replacing retired British Major-General Guy Watkins. The Club will need to include members of the new elite. It is unclear what authority the Chinese may exercise over the Club, which has a gambling monopoly of more than $9.4 billion a year. The Club is Hong Kong's largest charity donor and generally makes the colony's social-welfare decisions.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Vital and vulnerable
Article Abstract:
The number of migrant workers moving around Asia has reached unprecedented levels, creating the potential for friction between countries. Many Asian countries are forced to import workers to meet labor shortages but are ill-equipped to deal with the social problems that result from a growing migrant worker population. Rules designed to regulate labor flows in some Asian countries have backfired, leading to more corruption and human misery. One Australian economist estimates the total number of migrant workers in East Asia at 2.6 million.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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