Moving Towards Competition and Cooperation: A Comparative Analysis of Economic Development in the Pearl River Delta and the Yangtze River Delta

Author: Zhu Wenhui
Publisher:
Publish Date: 2003-11-01
Features: We are living in an era of profound transformation. The information revolution, the restructuring of the global economy, and the increasing role of multinational corporations in international division of labor are the three major trends of this transformation. Reform and opening-up have rapidly integrated China into this transformation and gradually established its new position in the international economic division of labor. Following the rapid rise of the Pearl River Delta, the Yangtze River Delta, with greater potential, has become another focal point of the world's attention. The development of these two deltas outlines the basic map of China's coastal economy in the early 21st century and also traces the path of China's integration into the global economy. This book comprehensively analyzes the changes in the world industrial structure since the 1990s, the transformation of corporate organizational models, the innovation of regional agglomeration patterns, the impact of China's entry into the WTO, and the factors of Hong Kong's return to the Greater Bay Area economy. Using extensive empirical analysis and interview findings, it provides an in-depth exploration of the economic development processes and characteristics of the Pearl River Delta and the Yangtze River Delta, as well as an objective assessment of their future economic trends. The book particularly emphasizes the crucial role that local governments need to play in organically integrating domestic and international resources to form industrial and regional agglomeration effects in the shortest possible time.