Innovation for Hong Kong's Upward Social Mobility

Chapter 1	6
1.1 The Urgent Need for Breakthrough	6
1.2 An Alert from “Global Innovation Index 2020”	8
1.3 Enlightenment from Hong Kong Innovation Activities Statistics	10
Chapter 2	14
2.1 Global Snapshot: Comparison with Other Economies	14
2.2 Comparison with Other Cities in the Greater Bay Area	18
Chapter 3	20
3.1 Government: Insufficient Investment in R&D, Incoherent Policies and Insufficient Coordination, Laissez-faire Economic Policies, and Lack of STEM-oriented Policies in the Education System	20
3.2 Infrastructure: Insufficient Land Supply, Relatively high Opportunity Cost of Innovative Development	24
3.3 Culture: Insufficient Motivation for the Development of Technology and Innovation in the Private Market	26
3.4 Society: Conservative Attitudes Towards Technology and Innovation, Livelihood Issues, Political Chaos and Economic Recession	26
Chapter 4	30
4.1 Millennium Generation: The Growing Cornerstone	30
4.2 Portraits of Millennials	34
4.3 Quarter-Life Crisis	36
4.4 Facing the Future	40
Chapter 5	42
5.1 The Impact of Technology and Innovation on Social Mobility	42
5.2 Technology and Innovation Enhance Upward Social Mobility	44
5.3 Social Mobility in Hong Kong	46
Chapter 6	50
6.1 The Goal and Path of Hong Kong’s Development of Technology and Innovation	50
6.2 Encourage Large Foreign Technology Companies to Settle in Hong Kong	52
6.3 Increase Support for Type II Technology and Innovation Industries	56
6.4 Stimulate and Promote Knowledge Transfer in Hong Kong’s Universities	58
Chapter 7	64

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