Impact of the Umbrella Revolution

Hong Kong has captured the world’s attention with the recent, ongoing pro-democracy protest. This incident was sparked because the Chinese government said that it would screen the candidates running in the direct election, which is different from a system of open nomination which most people had in mind. What has caught most international attention was the act of occupying the Central District, which is the main business district in Hong Kong.

I believe this is a struggle between democracy and economic growth. Due to the Occupy Central protest, stocks market value have fallen. If the protest drag on for even longer, there will be major impacts on Hong Kong’s economy.

Reference:

http://www.ibtimes.com/hong-kong-occupy-central-protests-what-you-need-know-1696477

http://www.bbc.com/news/world-asia-china-27921954

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