In The China Economy Yearbook, Volume 1 | ISBN: 9789004156388
I. Basic Economic Conditions
Because of its small territory and resource base, the economy of Macao faces a variety of constraints. To cope with these, it has developed a trade-oriented economy, making it a miniature version of some other East Asian economies.2 This strategy has worked well: Macao is in the upper tier of the world's “micro” economies in terms of income per capita and growth.
Economic revitalization of t…