EAN: 9789811031373

POLITICAL ECONOMY OF MACAO SINCE 1999 - YUFAN H...

This book takes a comprehensive look at the governance and civil society of Macao  the shadowy
mecca of gambling in Asia  and the reforms  changes  and social movements which are challenging
that reputation today. Thanks to the rapid expansion of the local casino industry  Macao has
experienced spectacular economic growth since it returned to Chinese rule in 1999. Following
double-digit rates of economic growth between 2002 and 2013  Macao has become one of the
wealthiest regions in Asia  with GDP per capita rising from USD$14 258 in 2001 to USD$89 333 in
2014. However  as the casino industry has overshadowed all other sectors of the local economy 
it has not only made Macaös economy highly vulnerable and difficult to sustain  but has also
aroused increasing social discontent. The authors lay out a comprehensive and well-argued
discussion of the dilemma of the economic monoculture  and strategies by which to overcome it 
in the process producing a book that will be of profound interest to scholars of greater China
students of political economy  and travelers to Macao.

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