The transition from a manufacturing-based economy to a knowledge-based economy is a daunting task for any country, and Hong Kong is no exception. In the case study “Assessing Hong Kong’s Human Resources in its Transition to a Knowledge-Based Economy: Can Gen Ys Fill the Gap?” by Zeba Khan, the challenges faced by Hong Kong are analyzed, and the potential role of the younger generation, known as Gen Y, is explored.

One of the major challenges faced by Hong Kong is the lack of skilled workers in STEM fields. This shortage is compounded by an aging population and a highly competitive job market. However, the study suggests that Gen Y, with their digital proficiency and innovative mindset, can help fill the talent gap and drive growth in the knowledge-based economy.

The study also examines the factors that may impact Gen Y’s ability to contribute to the transition, including the current education system, work culture, and government policies on talent recruitment and retention. The recommendations provided in the study aim to address these challenges and leverage the strengths of Gen Y to help Hong Kong successfully transition to a knowledge-based economy.

Overall, the case study provides valuable insights into the challenges and opportunities of transitioning to a knowledge-based economy. It highlights the potential of younger generations to drive innovation and growth, and emphasizes the importance of addressing the factors that may hinder their ability to contribute to the transition.