@misc{Sheng_Li_Foreign_2018, author={Sheng, Li and Gao, Jie}, identifier={DOI: 10.15611/aoe.2018.2.11}, year={2018}, rights={Wszystkie prawa zastrzeżone (Copyright)}, publisher={Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu}, description={Argumenta Oeconomica, 2018, Nr 2 (41), s. 257-275}, language={eng}, abstract={By developing an urban political economy model for tourist cities that considers the side effects and a city’s carrying capacity for tourism, this paper shows how foreign investors and a host community’s interests and preferences on the openness of the city greatly diverge. Foreign investors have the tendency to influence a city’s policy toward more openness than optimal. If foreign investors’ interest is overly represented in a city’s policymaking, the city may not be able to a follow a rational development strategy. Macao is adopted as a case study}, title={Foreign investors versus host communities: an urban political economy model for tourist cities}, type={artykuł}, keywords={foreign investor, host community, side effects, bargaining}, }