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Education took the top position for the fourth year in a row as the most important factor for improving the quality of life in Hong Kong, according to a survey done by CityU and the Canadian Chamber of Commerce in Hong Kong.
It is a common misrepresentation that globalization means international markets will converge to form common paradigms and practices, said Professor Anthony Cheung of City University's Department of Public and Social Administration. Countries are more likely to re-interpret global models of economics to reflect trends and beliefs embedded within an individual society, he believes.