Abstract
A team of Hong Kong-based geographers led by a noted specialist provides a comparative overview of Hong Kong and Macao under Chinese sovereignty (respectively, since 1997 and 1999). The authors outline the historical development of both cities, identifying their common legacies as colonial enclaves as well as shared economic experience as autonomous Special Administrative Regions (SARs) under the "one country, two systems" formula devised in Beijing. The paper includes up-to-date statistical information (some through March 2008) on per capita GDP, visitors from Mainland China and from abroad (for both cities), direct investment, employment in financial services, trade and logistics, and tourism (for Hong Kong) as well as revenues from gambling casinos in Macao that are reportedly surpassing those of Las Vegas. Journal of Economic Literature, O16, O18, O20, R11. Classification Numbers: 11 figures, 4 tables, 46 references.
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