✦ LIBER ✦
Foreign investors versus local businesses: an urban economics model for tourist cities
✍ Scribed by Li Sheng
- Book ID
- 102446513
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 154 KB
- Volume
- 13
- Category
- Article
- ISSN
- 1099-2340
- DOI
- 10.1002/jtr.795
No coin nor oath required. For personal study only.
✦ Synopsis
Most economics and urban literature focuses on the economic aspects of foreign investors' impact on cities and defends their positive role in urban development. This paper takes a different approach by developing an urban economics model for tourist cities that illustrates how, when there is local underinvestment and a large infl ux of foreign labour, transnational enterprises may make their profi ts at the expense of local businesses. Therefore, it is the government's responsibility to regulate foreign investment in a way that is conducive to sustainable development. Macao is adopted as a case study.