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Macau, Macau Business, MAG, MB, MB Featured, Opinion | In June of this year, a publication entitled ‘Macau’s sustainability and diversification’ noted that Macau’s ‘economic volatility caused by an unbalanced industrial structure restricts the diversified development of society. Economic diversification is the only way for Macau to achieve sustainable development’. Nothing new there, and, anyway, such a singular view is unconvincing. What about other aspects of society? Diversity is not singular, and it requires inclusion.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | The world is full of interesting paradoxes that befuddle the mind. Or, as the delightful chapter in Alice in Wonderland put it: ‘‘curiouser and curiouser!’’.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | New year; old problem. As the pandemic rolls on, so many calls for economic diversification in Macau as a survival strategy have been heard, loud and long, that, as the law of diminishing returns tells us, their effects recede.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Business 101. When companies plan their business models, typically they must consider, amongst other matters: their products and/or services; demand; market(s) and their environments (economic, political, cultural, social); existing, potential, and likely competition; start-up and ongoing costs and expenses; emergency funding; marketing and promotion; income streams, revenue, and delayed profit; sales; distribution; cash flow; profit margins, gross and net; liabilities; risk analysis, evaluation, and handling; constraints and the ‘what if’ factor; flexibility, adaptability, and adjustment.
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This chapter describes how intellectual capital comprising human capital, structural capital, and relational capital are being created for school development and quality assurance in Macau. Macau has aimed to catch up with the global education reform by subsidising majorities of the non-tertiary sectors and promulgating Decree Laws regarding education policies and development. Despite the significance of the intangible assets of the intellectual capital, the chapter also attempts to analyse the issues and challenges towards the management of intellectual capital emerging simultaneously in the transition process in the educational context of Macau. It suggests capitalising on the accumulated school knowledge for school effectiveness. This chapter depicts the chronological development of Macau's education reform by analysing how Macau has attempted to emancipate its education institutions from the period of quasi-closed system to that of the open system by creating different types of intellectual capital in school. It discusses the emerging issues and challenges simultaneously in the transition process of educational development in Macau, namely before and after returning its sovereignty to the Chinese government.
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School of Education
- Keith Morrison (15)
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