Liu Chengkun, Lin Yongjia
The Institute of Sustainable Development, Macau University of Science and Technology, Macau, China.
School of Business, Macau University of Science and Technology, Macau, China.
Bus Econ. 2022 Jun 4:1-5. doi: 10.1057/s11369-022-00260-9.
We analyze the socio-economic development of Macau after the return to Chinese sovereignty from the three dimensions of sustainability (economy, society, and environment). Macau's economy has both high growth and high volatility, mainly due to its unbalanced industrial structure and vulnerability to external shocks. During the COVID-19 pandemic, consumer confidence declined, due to the rising and high unemployment rate, while the environment has been relatively good since air quality became better. The overall assessment of sustainable city competitiveness of Macau has slipped gradually. This suggests that Macau's factor endowment structure has reached its upper limit and needs to be changed through internal industrial pluralism and external regional deepening (e.g., Guangdong-Macau In-Depth Cooperation Zone in Hengqin) to promote the moderately diversified and sustainable development of the economy.
我们从可持续性（经济、社会和环境）的三个维度分析澳门回归中国主权后的社会经济发展。澳门经济增长高但波动大，主要是由于产业结构失衡以及易受外部冲击。在新冠疫情期间，由于失业率上升且居高不下，消费者信心下降，而自空气质量改善以来环境状况相对良好。澳门可持续城市竞争力的总体评估已逐渐下滑。这表明澳门的要素禀赋结构已达到上限，需要通过内部产业多元化和外部区域深化（如横琴粤澳深度合作区）来改变，以推动经济适度多元化和可持续发展。
