Tuesday, September 30, 2014

Hong Kong protesters willing to pay economic price

http://money.cnn.com/2014/09/30/news/economy/hong-kong-financial-center/index.html?iid=HP_River

In Hong Kong the protesters want free and open elections. People are worried about how the protesting could threaten the economy in Hong Kong. They are worried because the Hong Kong is the central business hub in Asia. Critics worry that retail sales will suffer, the housing market could get hit and the economy may go into recession if the protest continues. This is the total opposite of the Gold Rush because the Gold Rush made the economy grow very fast while in Hong Kong the economy could go into recession. Do you think the crisis in Hong Kong the opposite of the immigration of San Francisco?

 

1 comment:

  1. I wouldn't exactly say that this is the opposite of the Gold Rush. It's not like people are leaving Hong Kong in crowds. They simply want reform to the way their government is run. The Gold Rush was all about money and the economy, while what is happening in Hong Kong, even though there is money and economics allowed, is more about politics.

    ReplyDelete