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 offbeat services in Hong Kong society. Use the LINK-REIT as an object lesson to expound your answer. Introduction The Link-Reit (Real Estate Investment Trust) has long been a problematic issue ever since its launch. The issue in fact concerns the privatization of open 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 definition 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. Eventuall y, 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 popular housing.

Definition of privatization of welfare services Privatization of welfare services is defined as the transfer of the provision of welfare services from the commonplace sector to the snobbish sector. Le voluptuary & R. Robinson (1984) pointed pop that any reduction of the roles of the government in welfare provision, such(prenominal) as direct provision, subsidy and regulation, is defined as the demonstration of the process of privatization of welfare services! . It is a steering to enhance the true distribution of social resources. A. Walker (1984) stated that privatization takes place when state for a service or a particular setting 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, golf club it on our website: BestEssayCheap.com

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