Comment on the pros and cons of privatization of social welfare services in Hong Kong society. Use the “LINK-REIT” as an example to illustrate your answer.

Topic 6: Comment on the pros and cons of privatization of companionable benefit services in Hong Kong society. Use the LINK-REIT as an object lesson to represent your answer. Introduction The Link-Reit (Real Estate Investment Trust) has long been a arguable issue ever since its launch. The issue in fact concerns the privatization of cosmos assistance services. The purpose of this makeup is to review the worthiness of privatization in the center of conflicts of interests among different groups of people in Hong Kong. For a start, the commentary of privatization of well-being services will be tell. Then, there would be a brief summary on the privatization development in Hong Kong. As this paper will focus on discussing privatization by utilize the Link-Reit as an example, the background information of Link-Reit will be given. The merits and demerits of privatization of fond social welfare services will be reviewed in the circumstance of the Link-Reit. Eventual ly, recommendations regarding the disadvantages of privatization will be given. The scope of privatization to be discussed in this paper will be confined to privatization of universe housing.

Definition of privatization of welfare services Privatization of welfare services is asideline as the transfer of the provision of welfare services from the overt sector to the insular sector. Le voluptuary & R. Robinson (1984) pointed out that any reduction of the roles of the government in welfare provision, much(prenominal) as direct provision, subsidy and regulation, is defined as the intro of the process of privati zation of welfare services. It is a steerin! g to enhance the just distribution of social resources. A. Walker (1984) stated that privatization takes place when province for a service or a particular medical prognosis of service delivery passes wholly or in part, to the private sector and when market criteria, such as profit or ability to pay, If you want to get a full essay, tell it on our website: OrderCustomPaper.com

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