Risk and its Management in Post-Financial Crisis Hong Kong

In the 1970s and up until the financial crisis occurred in the late 1990s, Hong Kong prospered in a relatively stable social, economic and political context. Since the financial crisis, however, its population has been increasingly exposed to risk: there has been job uncertainty and decreasing capacity for self‐reliance, leading to a growing reliance on public welfare and on families at a time when both are under pressure. The old welfare policies, unable to cope with the new risks, have been replaced by neo‐liberal reforms, redistributing the roles and responsibilities of the individual and the state, with a greater burden falling on the former. Individuals are required to be prudent to manage risk. While these reforms have relieved some of the burden on the state, both new social risk groups and ‘net taxpayers’ considered themselves to have borne disproportional costs. Society is facing serious problems resulting from ineffective old welfare policies, new social risks due to new policies, and the political upheavals arising from increased social conflicts and weakened social cohesion and solidarity. A further complication is that there is no acceptable platform or agent to negotiate a compromise between the polarized groups. This article argues that reliance on publicly funded risk coping strategies or on neo‐liberal risk prevention and mitigation strategies is not a desirable and sustainable policy. A commonly accepted political platform is required to negotiate a compromise which emphasizes shared and balanced roles and responsibilities, and a well‐conceived combination of risk prevention, mitigation and coping strategies.     

Religion and World Change: Violence and Terrorism versus Peace

Our article portrays religion as a double-edged sword that can both encourage and discourage world change, and can facilitate both violent and peaceful activism. The article demonstrates how the meaning system approach to religion can shed light on the complicated relationship between religion and world change by illuminating the meaning of world change and the means to achieve it, inherent differences across religious groups, the complexity and malleability of religious meaning systems, and processes that can facilitate either the status quo or violent and peaceful activism. The article discusses context and personality variables that may determine whether religion supports world change and either violent or peaceful activism. It recommends intensive collaboration between researchers, policy–makers, and religious leaders in the contexts of national and international conflicts and religious terrorism.     

Protecting the ageing poor or strengthening the market economy: the case of the Hong Kong Mandatory Provident Fund

The Mandatory Provident Fund (MPF) launched by the Hong Kong government seems to be a residual welfare state's strategy to cope with an ageing population and, at the same time, preserve a minimal welfare state and further enhance economic development. The MPF can only provide limited protection for a limited number of employees; many older people still have to depend on financial support from their families or have to work. On the other hand, the MPF immediately boosts the economy by creating more jobs for the financial services sector and by providing more business opportunities for banks and insurance companies. Thus, the MPF has consolidated the foundation of Hong Kong's capitalism by socialising and incorporating the whole working population in the market economy but has provided little protection for their old age.     

Reforming Supplementary Benefit: The impact on claimants

The Government bill to reform social security will become an Act in 1986, and is planned for implementation in April 1987. One of the most significant areas for change will be the supplementary benefit scheme, which now has some four million claimants, and supports over seven million people. It will be replaced by the income support scheme, which will differ in important respects from the current provision. The review of the SB scheme, set up by Norman Fowler, was the second major review of the scheme in less than a decade. The first review was set up by the Labour Government in 1976 and culminated in major changes introduced by the Conservative Government in the Social Security Act 1980. This article examines what impact the 1980 scheme had on claimants, on their standard of living, on their understanding of the scheme and on the extent to which the scheme meets their needs. It then goes on to examine whether the Fowler Act will meet some of the criticisms of the 1980 reforms and, in particular, if it will improve the position of claimants.     

Developing From Tranditional Microscale Chemistry to Microscale Green Chemistry

Microscale chemistry is appealing to all levels of education.In contrast to conventional macroscale chemistry,only minute amount of chemicals are required to undertaking a chemical investigation.     

D-optimal design for a quadratic log contrast model for experiments with mixtures

A practical method is suggested for solving complicated D-optimal design problems analytically. Using this method the author has solved the problem for a quadratic log contrast model for experiments with mixtures introduced by J. Aitchison and J. Bacon-Shone. It is found that for a symmetric subspace of the finite dimensional simplex, the vertices and the centroid of this subspace are the only possible support points for a D-optimal design. The weights that must be assigned to these support points contain irrational numbers and are constrained by a system of three simultaneous linear equations, except for the special cases of 1- and 2-dimensional simplexes where the situation is much simpler. Numerical values for the solution are given up to the 19-dimensional simplex     

Sinking,swimming and sailing: experiences of job satisfaction and emotional exhaustion in child welfare employees

The authors conducted a mixed‐method study after a previous study of child welfare employees revealed a subgroup exhibiting surprisingly high levels of both emotional exhaustion (EE) and job satisfaction (JS). This subgroup included direct service workers, supervisors and managers. As these findings appeared to conflict with previous studies, we re‐reviewed the literature and undertook the current study to account for the co‐existence of EE and JS. We explored and compared this subgroup with two others: workers who found their work satisfying without experiencing high levels of EE and those whose high levels of EE were associated with low JS. Using a survey that included several standardized measures with 226 employees and semi‐structured interviews with a criteria‐based subsample of 25, we explored the role that personality, career expectations, coping styles, stage of life, education, gender and social networks play in outcomes for individual employees. Analyses of quantitative and qualitative data yielded a profile for each subgroup, offering insights into the subjective experiences of workers within individual, social and organizational contexts. These findings have implications for recruitment, training and support of child welfare workers.