Towards Competition and Cooperation (A Comparison of Economic Development in the Pearl River Delta and 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 change. Reform and opening-up have rapidly integrated China into this transformation, gradually establishing 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 global attention. The development of these two deltas outlines the basic framework of China's coastal economic landscape in the early 21st century and also traces the trajectory 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 the Hong Kong return and the Greater Bay Area economic zone. 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 critical role of local governments in organically integrating domestic and international resources to form industrial and regional agglomeration effects in the shortest possible time.