Global capitalism certainly needs governance

Lok Sang HO

Global capitalism certainly needs governance

Research output: Journal Publications › Journal Article (refereed) › peer-review

Abstract

The market has proved to be a very effective instrument to bring out both the bright and the dark sides of human nature. According to the UNDP, China’s rapid economic development under the market model has generated the most rapid decline in absolute poverty in human history. Yet China is also well known for its high rates of industrial accidents (with some 7,000 coal miners death in 2003, the State aimed at reducing the death toll to 5,000 by 2007) and large number of scandals involving fake goods and lethal foods, when reason succumbs to greed.

Original language	English
Pages (from-to)	70
Journal	Business and Economy
Volume	Oct
Publication status	Published - Oct 2008

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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title = "Global capitalism certainly needs governance",

abstract = "The market has proved to be a very effective instrument to bring out both the bright and the dark sides of human nature. According to the UNDP, China{\textquoteright}s rapid economic development under the market model has generated the most rapid decline in absolute poverty in human history. Yet China is also well known for its high rates of industrial accidents (with some 7,000 coal miners death in 2003, the State aimed at reducing the death toll to 5,000 by 2007) and large number of scandals involving fake goods and lethal foods, when reason succumbs to greed.",

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AU - HO, Lok Sang

PY - 2008/10

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N2 - The market has proved to be a very effective instrument to bring out both the bright and the dark sides of human nature. According to the UNDP, China’s rapid economic development under the market model has generated the most rapid decline in absolute poverty in human history. Yet China is also well known for its high rates of industrial accidents (with some 7,000 coal miners death in 2003, the State aimed at reducing the death toll to 5,000 by 2007) and large number of scandals involving fake goods and lethal foods, when reason succumbs to greed.

AB - The market has proved to be a very effective instrument to bring out both the bright and the dark sides of human nature. According to the UNDP, China’s rapid economic development under the market model has generated the most rapid decline in absolute poverty in human history. Yet China is also well known for its high rates of industrial accidents (with some 7,000 coal miners death in 2003, the State aimed at reducing the death toll to 5,000 by 2007) and large number of scandals involving fake goods and lethal foods, when reason succumbs to greed.

UR - https://commons.ln.edu.hk/sw_master/381

M3 - Journal Article (refereed)

SN - 0973-4333

VL - Oct

SP - 70

JO - Business and Economy

JF - Business and Economy

ER -

Global capitalism certainly needs governance

Abstract

UN SDGs

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Cite this