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In the autumn of 2014, thousands of people, young and educated in
their majority, occupied the chief business district and seat of
the government in Hong Kong. The protest, known as the Umbrella
Movement, called for 'genuine democracy', as well as a fairer
social and economic system. The book aims to provide a dynamic
framework to explain why socioeconomic forces converged to produce
such a situation. Examining increasing inequality, rising prices
and stagnating incomes, it stresses the role of economic and social
factors, as opposed to the domestic political and constitutional
issues often assumed to be the root cause behind the protests. It
first argues that globalization and the increasing influence of
China's economy in Hong Kong has weighted on salaries. Second, it
shows that the oligopolistic nature of the local economy has
generated rents, which have reinforced inequality. The book
demonstrates that the younger generation, which is still finding
its place in society, has been particularly affected by these
phenomena, especially with social mobility at a low point. Offering
a new approach to studying the Umbrella Movement, this book will
appeal to students and scholars interested in Hong Kong's political
landscape, as well Chinese politics more broadly.
In the autumn of 2014, thousands of people, young and educated in
their majority, occupied the chief business district and seat of
the government in Hong Kong. The protest, known as the Umbrella
Movement, called for 'genuine democracy', as well as a fairer
social and economic system. The book aims to provide a dynamic
framework to explain why socioeconomic forces converged to produce
such a situation. Examining increasing inequality, rising prices
and stagnating incomes, it stresses the role of economic and social
factors, as opposed to the domestic political and constitutional
issues often assumed to be the root cause behind the protests. It
first argues that globalization and the increasing influence of
China's economy in Hong Kong has weighted on salaries. Second, it
shows that the oligopolistic nature of the local economy has
generated rents, which have reinforced inequality. The book
demonstrates that the younger generation, which is still finding
its place in society, has been particularly affected by these
phenomena, especially with social mobility at a low point. Offering
a new approach to studying the Umbrella Movement, this book will
appeal to students and scholars interested in Hong Kong's political
landscape, as well Chinese politics more broadly.
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