11 Years later on, Macau Health and Education Catching as much as Casinos
Significantly more than a decade after gambling enterprises arrived to Macau, the region is finally getting health and welfare services in place.
Over the past decade, Macau has become the undisputed leader in global gambling since far as profits go. The casino hub brings in six times just as much revenue as Las Vegas, and exploded after the previous Portuguese colony was exposed to international casino operators in 2002. The move was a resounding success, as Macau’s economy has grown by an average of 14% each year on the past decade rendering it the fastest-growing economy on the planet.
Infrastructure Was Lacking
It sounds like a incredible success story as well as in many ways, it has been. But with all that growth centered in the gambling industry and coming at a quick pace, the rest of Macau yes, it exists outside of gambling enterprises don’t have a lot of to be able to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial powers and an inability to get tasks done.
There are always a number of projects that sound great on paper which have just failed to materialize so far. Things that we in the western might take for granted things like a mass-transit system, a renovated ferry system, public housing projects and hospitals have all been delayed, meaning they are still years away.
‘the money is had by us, but we don’t have the welfare,’ Macao Polytechnic Institute associate professor Larry So told the Wall Street Journal. ‘If you get ill in Macau, everybody understands it’s more straightforward to go to Hong Kong. Continua a leggere