Privatization in a laissez-faire economy : a case study of abattoirs in Hong Kong

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Privatization in a laissez-faire economy : a case study of abattoirs in Hong Kong


Author: Wong, Pui-yee Susana
Title: Privatization in a laissez-faire economy : a case study of abattoirs in Hong Kong
Degree: M.Sc.
Year: 1999
Subject: Slaughtering and slaughter-houses -- China -- Hong Kong -- Case studies
Privatization -- China -- Hong Kong -- Case studies
Hong Kong Polytechnic University -- Dissertations
Department: Multi-disciplinary Studies
Dept. of Management
Pages: viii, 118, [5] leaves : ill. ; 30 cm
Language: English
InnoPac Record:
Abstract: This dissertation looks at the privatization of the two public abattoirs in Hong Kong where the "Laissez-faire" economy policy has been implemented for years. It explores the rationale behind the Government decision to build and operate the two public abattoirs in the urban area in the late 1960s, and the reasons for its business failure in the operation of the abattoirs which has accumulated tremendous deficits over the years. It identifies the strengths of the private slaughterhouses vis-a-vis the weaknesses of the public abattoirs and argues that the direct involvement of the Government in an industrial type of process contrary to the "Laissez-faire" philosophy is the fundamental cause of the problem, which implies that privatization of the public abattoirs is the only alternative to the problem. It describes in full picture the live animals and fresh meat trade in the territory which provides a bird's view on the background of the abattoir privatization. It examines the formulation of the abattoir privatization policy and programme resulting from the business failure, and describes the decision-making process in which many key actors have played a role. It explores the implementation of the abattoir privatization programme, scrutinizes the staffing arrangements and financial implications of the programme and examines how the politicians play a role in the execution of Government policies. In view of the success in the first stage of the privatization programme which enables the Government to reduce the huge deficits incurred by the public abattoirs and rationalize the slaughter of live animals in the territory, and coupled with strong indications that the second stage of the privatization programme is likely to win through all difficulties to a successful implementation in late 1999, it concludes that the privatization of abattoirs is the right move for the Government to shed the load to the more competent abattoir operator in the private sector.

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