This is not the direction that local areas should be developing in the developed or developing countries. In desperation, local officials are making deals with industries and other entities which are detrimental to a regions long-term economic development. There is a danger that all these efforts could collapse upon itself in the form of an economic situation similar to a pyramid scheme, where there is speculation on construction projects, financial loans being made on risky investments and distinct possibility that the projects will be caught up in labor unrest, corruption and additional controversy. Instead of catering to ‘semi-shady’ characters such as Adleson, local decision-makes should be putting efforts to facilitate the development of sustainable industries such as development of Green Energy (solar, wind, geothermal etc.) and gearing up for a high technology economy. There is an under-current of increasing energy prices driven by the expanding industries in China and India, increasing global warming and environmental damage , populations in developing countries desiring to see direct benefits from their countries’ economic development, and the emerging use of Spatially Aware Autonomous Robots (SAARs) (see my blog entry, “Personal Robots: a new development in Spatially-Aware Autonomous Mobile Robots (SAAMRs)” in Geographic Information Science blog The latter will completely change the global economy and place those countries which have highly skilled labor at the forefront.
Jonathan Blitzer, “Can EuroVegas Save Spain?--Sheldon Adelson goes scavenging in the euro zone,”The Atlantic, September 2012: http://www.theatlantic.com/magazine/archive/2012/09/can-eurovegas-save-spain/309053/
Christopher Caldwell, “EuroVegas is a gamble not worth taking”, The Financial Times, 14 September 2012, http://www.ft.com/intl/cms/s/0/5f7891e0-fd93-11e1-8fc3-00144feabdc0.html#axzz28rQnTesr