Urban Revolution: New Strategy for the Environmental Economy: New Strategy for the Environmental Economy

Author: Huangfu Xiaotao
Publisher:
Publish Date: 2004-04-01
Features: In the global new economy and modern development, there are two major economic trends: Chinese and American urbanization and knowledge economy. What are the sources of their immense benefits and sustainable growth? It is that only the knowledge economy and environmental economy are not affected by the law of diminishing marginal returns in production and economic principles. They rewrite economic principles through the reuse of resources and resource sharing, making marginal returns increase. The higher the reuse rate, the better the economic growth and market efficiency, and the easier it is to gain absolute advantages in information, resources, assets, and capital benefits in the economic game. Traditional agriculture and industry, on the other hand, see greater resource consumption and lower marginal returns with wider market use. Under this new economic rule, we need to break free from the limitations of traditional industries while advancing into the market economy, adjust industrial and economic structures, transition from primary and secondary industries to the tertiary sector, and transform traditional heavy industries with knowledge economy, high technology, new capital, and new environmental factors. We should use service economy, tourism, commerce, and development to drive environmental economy, form the main trend of environmental economy, optimize resource allocation, and increase the value of urban assets, maximizing marginal returns of capital. This is the dual benefits, overall benefits, and marginal benefits of technology-driven urban development and environmental-based urban development. The environmental revolution in Dalian and its 1:6 input-output efficiency in environmental economy are the new economic model and driving force of this urban revolution.