In 2024, Macao’s GDP per capita is expected to exceed US$78,000. Adjusting for purchasing power, it will be over US$125,000, positioning Macao as one of the world’s wealthiest economies1.
To further study the economic policies affecting Macao and related economies, such as China and Portuguese-speaking countries, the Asia-Pacific Academy of Economics and Management (APAEM) has restructured its former “Asian Economics” research team into the “Macao Economy” research team.
The Macao Economy team leaders and members are as follows:
Team Leader
- Angus C. Chu, Distinguished Professor of Economics, FSS
Associate Team Leader
- Alex Sili Zhou, Associate Professor of Economics and Finance, FSS
Team Members
- Inácio Bó, Associate Professor of Economics, FSS
- Lawrence Choo, Associate Professor of Economics, FSS
- Jia Yuan, Associate Professor of Business Economics, FBA
- Yang Zhang, Associate Professor of Business Economics, FBA
- Fung Kwan, Assistant Professor of Economics, FSS
- Leona Shao-Zhi Li, Assistant Professor of Business Economics, FBA
- Hoipan Wong, Assistant Professor of Economics, FSS
Given that tourism is the backbone of Macao’s economy, one of the focuses of the Macao Economy team is to fully evaluate the role of tourism economics in the Macao economy. Additionally, the team will strive to improve the economic cooperation between Macao and other Asian economies and identify the effects of innovation in the development of the Macao economy.
1 Ventura, L. (2024, May 3). Richest Countries in the World 2024. Global Finance Magazine. https://gfmag.com/data/richest-countries-in-the-world/