Integration and Enabling: Macao's Social Policy Shift during Post-Pandemic Era

Abstract

The COVID-19 epidemic has had a great impact on the economies of various countries, and social policies are also facing a period of major adjustment opportunities. According to people's expectations, it is necessary to re-examine the supply mechanism of social welfare through social policy innovation. As a result of the epidemic, Macao's economic fluctuations are exacerbated and the government's fiscal revenue has declined. This has led to a certain degree of vulnerability in the social welfare system dominated by government financial investment, which directly affects the stability and sustainability of Macao's social policy system. Based on the challenges and countermeasures of the epidemic in Macao, this paper proposes that it is necessary to further integrate existing social policies, build a social safety net, strengthen investment in human capital, enhance residents' ability to resist social risks in pursuit of welfare, promote economic development through social policy adjustment to balance government-market-individual welfare responsibilities, establish sustainable social policies, and push for high-quality social development.