Government intervention in Macao´s economy
By: LAM, Newman M. K
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Material type: 
ArticlePublisher: Hong Kong : University of Hong Kong, December 2002The Asian Journal of Public Administration 24, 2, p. 211-223Abstract: Although the Macao government claimed during the colonial days that followed the free-market approach in managing the Macao economy, historical evidence shows that is played an active and important role in the city´s economic development. A wide range of intervention strategies (including industrial regulation, immigration and labour policies, partnerships with businesses, and diplomatic ties with europena countries) were employed by the government to simulate and shape Macao´s economic growth, especially in the gambling and tourism sector. After Macao´s reunification with China in 1999, the SAR government was faced with the challenges of economic restructuring and China´s WTO accession. In response, it has stepped up its intervention, including using fiscal policies, strategic industrial liberalisation, and public investment in upgrading economic ingrastructure and human capital, to steer the Macao economy towards the next stage of development.
Although the Macao government claimed during the colonial days that followed the free-market approach in managing the Macao economy, historical evidence shows that is played an active and important role in the city´s economic development. A wide range of intervention strategies (including industrial regulation, immigration and labour policies, partnerships with businesses, and diplomatic ties with europena countries) were employed by the government to simulate and shape Macao´s economic growth, especially in the gambling and tourism sector. After Macao´s reunification with China in 1999, the SAR government was faced with the challenges of economic restructuring and China´s WTO accession. In response, it has stepped up its intervention, including using fiscal policies, strategic industrial liberalisation, and public investment in upgrading economic ingrastructure and human capital, to steer the Macao economy towards the next stage of development.
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