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THE IMPACT OF EMIGRATION ON THE ECONOMY OF HONG HONG
Summary of a Report by Price Waterhouse
Hong Kong's economic growth and quality of life are
dependent on the availability and productivity of
professional, technical, managerial and administrative
employees ('PTMAS'). The group includes people from the
private sector, including the disciplined services, and
the public sector. It includes degree holders and skilled workers, and senior and junior managers.
This is the first independent and comprehensive attempt
to assess the extent of the problem of emigration from
Hong Kong and its impact on the economy.
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The 1984 Sino-British Joint Declaration committed the
United Kingdom to maintain the prosperity and stability
of Hong Kong until 1997.
Since then, a significant number of Hong Kong residents,
concerned about the political future of the territory,
have elected to secure foreign (non-Chinese) citizenship.
Immigration applicants most often are required to meet
residency requirements in other countries in order to
obtain nationality.
Currently 45,000 to 50,000 people emigrate annually. Just under 1,000 people a week leave Hong Kong.
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