A Practical Exploration of Macao's Integration into the Overall National Development Frame-work and the Adjustment of Its Economic Governance Model
From an economic perspective,Macao's practical exploration of integrating into the overall national development since its return can be roughly divided into three stages.Since 2017,Macao has entered a new stage of integrated development guided by the regional planning of the Guangdong-Hong Kong-Ma-cao Greater Bay Area.Macao's accelerated integration into the overall national development agenda has profound strategic implications and intrinsic logic.It is an effective way to promote the moderate diversifi-cation of Macao's economy and enhance the momentum of its economic development.With the help of top-level design,it can targetedly drive the corresponding adjustments in the economic governance mecha-nisms of the SAR government.Macao explores new models of better combination of"effective govern-ment"and"efficient market"by actively aligning itself with higher-level plans,building the macro-guidance function of strategic planning,establishing a matching industrial policy system,and improving the government management structures and coordination mechanisms.Based on Macao's position and mission in the country and the region,paying attention to and properly handling the relationship between integrated development and"assimilation,"integrating into the the national development agenda and le-veraging international advantages,deepening the relationship between integration and innovative develop-ment,and"effective government and"efficient market"not only helps Macao's long-term develop-ment,but also contributes the Greater Bay Area's"leading"function and Macao's model to China's modernization.
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