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Podcast: New Books in Economic and Business History
Episode: Tim Simpson, "Betting on Macau: Casino Capitalism and China's Consumer Revolution" (U Minnesota Press, 2023)
Description: A comprehensive look into how Macau’s recent decades of gambling-related growth produced one of the wealthiest territories on the planet.Betting on Macau: Casino Capitalism and China's Consumer Revolution (U Minnesota Press, 2023) delves into the radical transformation of what was formerly the last remaining European territory in Asia, returned to the People’s Republic of China in 1999 after nearly half a millennium of Portuguese rule. Examining the unprecedented scale of its development and its key role in China’s economic revolution, Tim Simpson follows Macau’s emergence from historical obscurity to become the most profitable casino gaming local...