Casino Capitalism, Society and Politics in China’s Macau

2020-07-20 History

Author : Sonny Shiu-Hing Lo
Release : 2020-07-20
Genre : History
Kind : eBook
Book Rating : 111/5 ( reviews)

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Book Synopsis Casino Capitalism, Society and Politics in China’s Macau by : Sonny Shiu-Hing Lo

Download or read book Casino Capitalism, Society and Politics in China’s Macau written by Sonny Shiu-Hing Lo. This book was released on 2020-07-20. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the characteristics of casino capitalism in Macau under Chinese sovereignty and administration. It argues that casino capitalism propelled the region’s economic prosperity and social stability in the period starting from the internationalization of the casino industry in 2002 to the end of 2019. However, casino capitalism also exacerbated the income gap between the rich and the poor. To tackle income inequality, the Macau developmental state combined casino capitalism with social welfarism. The region’s developmental state has been characterized by its relatively decisive leadership, its autonomy from the capitalist and working classes, and a comparatively weak civil society. China has encouraged Macau to shift from its overdependence on casino capitalism to economic diversification and integration with the Greater Bay Area. However, given Macau’s long-standing and profound dependence on casino capitalism, the path of economic diversification is destined to be long and difficult. As this book also argues, the Macau model of “one country, two systems” is a unique one which cannot be easily transplanted to Hong Kong, where the overdeveloped politics and assertive civil society are a far cry from Macau’s frozen politics and quiescent society.

Casino Capitalism, Society and Politics in Chinaâ (Tm)S Macao

2020-10

Author : Sonny Shiu-Hing Lo
Release : 2020-10
Genre :
Kind : eBook
Book Rating : 860/5 ( reviews)

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Book Synopsis Casino Capitalism, Society and Politics in Chinaâ (Tm)S Macao by : Sonny Shiu-Hing Lo

Download or read book Casino Capitalism, Society and Politics in Chinaâ (Tm)S Macao written by Sonny Shiu-Hing Lo. This book was released on 2020-10. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the characteristics of casino capitalism in Macau under Chinese sovereignty and administration. It argues that casino capitalism propelled regionâ (TM)s economic prosperity and social stability in the period starting from the internationalization of the casino industry in 2002 to the end of 2019. However, casino capitalism also exacerbated the income gap between the rich and the poor. To tackle income inequality, the Macau developmental state combined casino capitalism with social welfarism. The regionâ (TM)s developmental state has been characterized by its relatively decisive leadership, its autonomy from the capitalist and working classes, and a comparatively weak civil society. China has encouraged Macau to shift from its overdependence on casino capitalism to economic diversification and integration with the Greater Bay Area. However, given Macauâ (TM)s long-standing and profound dependence on casino capitalism, the path of economic diversification is destined to be long and difficult. As this book also argues, the Macau model of â oeone country, two systemsâ is a unique one which cannot be easily transplanted to Hong Kong, where the overdeveloped politics and assertive civil society are a far cry from Macauâ (TM)s frozen politics and quiescent society.

Betting on Macau

2023-04-11 Social Science

Author : Tim Simpson
Release : 2023-04-11
Genre : Social Science
Kind : eBook
Book Rating : 884/5 ( reviews)

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Book Synopsis Betting on Macau by : Tim Simpson

Download or read book Betting on Macau written by Tim Simpson. This book was released on 2023-04-11. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive look into how Macau’s recent decades of gambling-related growth produced one of the wealthiest territories on the planet Betting on Macau delves into the radical transformation of what was formerly the last remaining European territory in Asia, returned to the People’s Republic of China in 1999 after nearly half a millennium of Portuguese rule. Examining the unprecedented scale of its development and its key role in China’s economic revolution, Tim Simpson follows Macau’s emergence from historical obscurity to become the most profitable casino gaming locale in the world. Identified as a UNESCO World Heritage Site and renowned for its unique blend of Chinese and Portuguese colonial-era architecture, contemporary Macau has metamorphosed into a surreal, hypermodern urban landscape augmented by massive casino megaresorts, including two of the world’s largest buildings. Simpson situates Macau’s origins as a strategic trading port and its ensuing history alongside the emergence of the global capitalist system, charting the massive influx of foreign investment, construction, and tourism in the past two decades that helped generate the territory’s enormous wealth. Presented through a cross section of postcolonial studies and social theory with extensive insight into the global gambling industry, Betting on Macau uncovers the various roots of the territory’s lucrative casino capitalism. In turn, its trenchant analysis provides a distinctive view into China’s broader project of urbanization, its post-Mao economic reforms, and the continued rise of its consumer culture.

China's Macao Transformed

2014-10-01 Social Science

Author : Eilo W.Y.YU
Release : 2014-10-01
Genre : Social Science
Kind : eBook
Book Rating : 07X/5 ( reviews)

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Book Synopsis China's Macao Transformed by : Eilo W.Y.YU

Download or read book China's Macao Transformed written by Eilo W.Y.YU. This book was released on 2014-10-01. Available in PDF, EPUB and Kindle. Book excerpt: The return of Macao from the Portuguese administration to the People's Republic of China (PRC) in 1999 marks the beginning of its transformation in the 21st century. Macao was confronted with various issues concerning then existing political system, economic downturn and gangland violence during the transition period. Beijing put Macao under the "One country, Two Systems" and implemented a wide variety of measures in order to restore its law and order as well as to recover its tourism dependent economy. Gradually, Macao transformed itself to "Las Vegas of the East". This volume of 18 essays highlights the key dimensions of Macao's remarkable "One country, Two Systems" actualisation experience in its first 15 years, and discusses how Macao transformed and what challenges it encountered during its post-handover transformation. The volume has several focuses. It first investigates the political and electoral issues in a critical manner─ post-handover Macao suffered from maladministration and limited democratization, and the chief executives selected lacked representativeness due to restricted public participation in the electoral process. Overall speaking, the government lacked legitimacy and popular support. From a socio-economic point of view, this book looks into the business model in running Macao's casinos and the emerging culture of mass participation and youth participation in political affairs. The education reformation and changes in civic identity of local Macao Chinese are also addressed. Finally, the volume looks into how post-handover Macao relates itself in the international politics affair.

Political Economy of Macao since 1999

2017-04-11 Political Science

Author : Yufan Hao
Release : 2017-04-11
Genre : Political Science
Kind : eBook
Book Rating : 38X/5 ( reviews)

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Book Synopsis Political Economy of Macao since 1999 by : Yufan Hao

Download or read book Political Economy of Macao since 1999 written by Yufan Hao. This book was released on 2017-04-11. Available in PDF, EPUB and Kindle. Book excerpt: 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 Macao’s 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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Casino Capitalism, Society and Politics in China’s Macau

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