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7.1
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Occasionally, the world’s media may mention the urban development of the city of Macau, but it is neither for the role it may “play” on the world stage or for the historical importance it has had in the age of the circumnavigations of the world. It is a matter of fact that the speed of this development does not go without any... {read more}
   
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Volume 7, Number 1, January 2010
The Interaction of History,
Tourism and Economy

by 何伟杰 Vincent Wai-kit Ho
Proposals for Reforming Capitalism

Raúl González 劳尔·冈萨雷斯
Preface
Since Macau’s return to China on December 20th 1999, gambling tourism has become the leading industry. With the opening of the right to gamble in 2002, Macau has become, in just a short period of ten years, the world’s No. 1 city of gambling, playing a pivotal role. At present, Macau has a total of 36,000 people employed in casinos, accounting for over 10% of its employed population. At the same time, its gaming income also exceeds 100 billion MOP or Macau patacas. Accordingly, Macau’s GDP growth rate reached about 35%.(1) Urbanization, driven by rapid gambling industrial economic development, increased due to the construction of quite a number of huge gambling structures. What then are the impacts that these changes will bring to this small city that has profound embedded historical and cultural values?
On July 15th 2005, 25 old buildings and the Square-Spaces were listed in The Catalogue of World Culture Heritage by UNESCO, becoming therefore “The Historic Centre... [ Read more ]
This is what might be called “a French Catholic generation’s book on the economy”. Its authors are academics who are also executives and analysts active in some of the most relevant battlefields of contemporary economic theory and practice: finance, risk assessment, game theory, non-linear models and ethics. All these fields came into being between the mid-‘50s and the beginning of the ‘70s, a fifteen-year period that in sociology would constitute a generation. Three of the authors are Catholic religious: the two coordinators of the volume (a Jesuit and an Assumptionist sister) and one of the collaborators (a Xaverian sister). The rest are family men and women with an impressive range of professions, working in education, financial institutions, or business.
The book consists of twenty chapters each of which argues and defends a proposal concerning the need for reorganization of globalised capitalism. A large number of these proposals treat of financial markets, business practices, and the public policies related to these—in effect, they... [ Read more ]
 
Issue 7.1
India’s Peaceful Rise
in World Politics


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ISSN 1810-147X © Macau Ricci Institute, 2009. Chinese Cross Currents, All Rights Reserved.