More documents from Lo, Sonny
More documents from Journal of Current Chinese Affairs

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

Casino capitalism and its legitimacy impact on the politico-administrative state in Macau

Der Kasino-Kapitalismus in Macau und seine Bedeutung für die Legitimität des politisch-administrativen Systems
[journal article]

Lo, Sonny

fulltextDownloadDownload full text

(external source)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Abstract Casino capitalism has its dialectical tendencies in Macau. On the one hand, it stimulates economic growth, provides employment, and strengthens the post-colonial state in Macau during the period of economic boom. On the other hand, casino capitalism can widen the income gap between the rich and the poor, generate addictive gambling, and de-legitimize the post-colonial state in Macau during the global and regional economic downturn. The weaknesses of the politico-administrative state in Macau, including the absence of institutional checks and balances, the frail civil society and the relatively docile mass media, have magnified the negative impacts of casino capitalism on Macau. In response to the negative ramifications, the Macau government has taken measures to be more interventionist, to enhance social welfare, and to prepare contingency plans that would tackle the sudden bankruptcy of any casinos. The central government in Beijing also displays contradictory considerations when it deals with Macau's casino development, supporting the casino industry while simultaneously encouraging the Macau government to diversify its economy. Overall, casino capitalism not only has contradictory impacts on the Macau city-state but also reveals the inherent contradictions of Beijing's policy toward the territory’s over-dependence on the casino economy.

Der Kasino-Kapitalismus ruft in Macao widersprüchliche Tendenzen hervor: Einerseits stimuliert er das wirtschaftliche Wachstum und stärkt den post-kolonialen Staat in wirtschaftlichen Boomphasen, andererseits kann er aber auch dazu beitragen, dass sich die Einkommensunterschiede zwischen ärmeren und wohlhabenderen Schichten verstärken und damit in Krisenphasen zur Deligitimierung des postkolonialen Staates beitragen.
Keywords capitalism; national state; Macao; legitimacy; China
Classification Sociology of Developing Countries, Developmental Sociology
Method descriptive study
Free Keywords Social Sciences; Capitalism; Legitimacy; State; Sozialwissenschaften; Present; Macau
Document language English
Publication Year 2009
Page/Pages p. 19-47
Journal Journal of Current Chinese Affairs, 38 (2009) 1
ISSN 1868-4874
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works