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Hong Kong, the archetype for the most free form of capitalism, has an after-effect of such rapid growth: Pollution. Hong Kong's air pollutant concentrations are now 200% above the norms set by the World Health Organization, according to The Economist.Hong Kong has been attempting to blame China for its environment woes, but a more recent study shows the economic powerhouse's problems are self-inflicted. The cause is from the usual suspects -- cars, ships and coal-fired power plants.
Hong Kong has taken the first step in evaluating the causes for pollution by hiring more credible firms to do the work. Why? The answer is business. Hong Kong is becoming increasingly known as a less desirable place to work, leading to much higher salaries to attract talented workers. Unless the pay is big, experienced execs do not want to go there.
Business is now forcing Hong Kong to go green, expect this to happen in other areas of the world as well.
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Reader Comments (Page 1 of 1)
4-04-2007 @ 12:46PM
Howard Lee Harkness said...
It is a natural tendency for people who become prosperous to desire things like clean air and water.