Research and Discussion on the Economic Recovery of Macau in the Post-Pandemic Context
PDF

Keywords

Risk Management
Economic Recovery
Industrial Monoculture
Industrial Diversification
Domestic Demand

How to Cite

Zeng, H., Ye, Y., Ma, Y., & Zhou, Y. (2024). Research and Discussion on the Economic Recovery of Macau in the Post-Pandemic Context. Journal of Economic Insights, 1(1), 41–53. https://doi.org/10.70693/jei.v1i1.255
Received 2024-12-14
Accepted 2024-12-20
Published 2024-12-20

Abstract

The impact of the COVID-19 pandemic on the economy is undoubtedly catastrophic, and its impact on the world is immeasurable. Now that the pandemic has passed, the issues it left behind and the lessons it provided are worth discussing and summarizing. No one hopes for such a global disaster to recur, but if humanity is unfortunately faced with such a crisis again, how should we effectively respond to similar crises? How can we quickly and effectively restore economic order after a disaster? To this end, our team hopes to summarize an effective post-crisis handling plan for Macau through this study, to eliminate the impact of the crisis on the economy as soon as possible. Considering the particularity of Macau's industrial structure, our team combines the characteristics of the gaming and tourism industries, searches for literature and reports, organizes and interprets data to derive feasible plans. At the same time, we learn from foreign regions with similar industrial structure characteristics and advanced solutions, using objective data and foreign advanced region cases to summarize feasible plans for post-crisis handling in Macau. This paper will point out three issues that slow down the economic recovery of Macau after the pandemic and provide solutions for each issue.

https://doi.org/10.70693/jei.v1i1.255
PDF

References

Statistics and Census Bureau of the Macao Special Administrative Region Government, National Economic Statistics (2023). https://www.dsec.gov.mo/zh-MO/Statistic?id=9

Statistics and Census Bureau of the Macao Special Administrative Region Government, Gaming Industry Profit and Expenditure Ratio (2023). https://www.dsec.gov.mo/zh-MO/Statistic?id=8

Statistics and Census Bureau of the Macao Special Administrative Region Government, Tourism Statistics 2020 Q4[R]. (2021). https://www.dsec.gov.mo/zh-MO/Statistic?id=401

Statistics and Census Bureau of the Macao Special Administrative Region Government, Tourism Statistics 2019 Q4[R]. (2021). https://www.dsec.gov.mo/zh-MO/Statistic?id=401

Statistics and Census Bureau of the Macao Special Administrative Region Government, Tourism Statistics 2021 Q1[R]. (2021). https://www.dsec.gov.mo/zh-MO/Statistic?id=401

Macao Special Administrative Region Government Tourism Bureau, Top Ten Main Source Markets (2021). https://www.macaotourism.gov.mo/zh-hans/about-us

People's Liberation Army Daily, Explanation of Terms in the Report of the 16th National Congress of the Communist Party (2002-11-20)

Macau Consumer Confidence Index Survey. Macau University of Science and Technology releases the "Macau Consumer Confidence Index 2023 Q3" survey - Macau University of Science and Technology - MUST News. (2023, October 9). https://www.must.edu.mo/id-13630/article/view/id-18439.html

Statistics and Census Bureau of the Macao Special Administrative Region Government. 2022 Direct Investment Statistics (2022). https://www.dsec.gov.mo/zh-MO/Statistic?id=702

Pan Na Ke. (2012). Analysis of the Environment for Attracting Chinese Direct Investment in Laos (Master's Thesis, Hunan University). https://kns.cnki.net/KCMS/detail/detail.aspx?dbname=CMFD201401&filename=1014124115.nh

Office of the Chief Executive of the Economic and Financial Affairs Bureau of the Macao Special Administrative Region Government, 2023 Yearly and Q4 Population Statistics (Statistics and Census Bureau) – (2023). https://www.gsef.gov.mo/zh-cn/posts/8385

Statistics and Census Bureau of the Macao Special Administrative Region Government. 2020 Gross Domestic Product (2021). https://www.dsec.gov.mo/zh-MO/Statistic?id=901

Statistics and Census Bureau of the Macao Special Administrative Region Government. Employment Survey from June to August 2022 (2022). https://www.dsec.gov.mo/zh-MO/Statistic?id=301

Hu Jerong (2024). Challenges and Adjustments of Macau's Social Policy in the Post-Pandemic Era – From the Perspective of Developmental Social Policy, Macao Polytechnic Journal. https://www.ncpssd.cn/Literature/articleinfo?id=AMLGXBRWSHKXB2024001004&synUpdateType=&type=journalArticle&typename=

Bu Le, Zeng You: Observations and Suggestions on the Development of Macau's Labor Market in Recent Years. Bauhinia Net. (2023, December 29). https://zijing.com.cn/article/2023-12/29/content_1186702602095607808.html

Statistics and Census Bureau of the Macao Special Administrative Region Government. Yearbook of Statistics of Macao (2023). https://www.dsec.gov.mo/zh-MO/Home/Publication/YearbookOfStatistics

Office of the Chief Executive of the Economic and Financial Affairs Bureau of the Macao Special Administrative Region Government, Announcement of the "2022 Billion Anti-epidemic Assistance Measures" and Acceleration of Implementation. Macao Special Administrative Region Government Official Website (2022). https://www.gov.mo/zh-hans/news/622504/

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Copyright (c) 2024 hanxiang zeng, Yutao Ye, yujun ma, Yading Zhou

Downloads

Download data is not yet available.