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This book systematically investigates the strategic significance
and dynamic mechanisms present in the development of the Yangtze
River Delta cluster, one of the major drivers of economic growth in
China. The Yangtze River Delta is the most densely populated region
in China with the highest level of economic development. Against
the background of China’s national strategy that aims to bolster
and augment integrated development on the regional level, this
study reviews the development process of the region and possible
hindrances to further growth. From a wide array of dimensions, it
assesses the key influencing factors, including institutional
construction, governance mechanisms, spatial layout, government and
corporate competition, the market environment, industrial linkages
and synergies, collaborative innovation, public service, and social
networks. Based on theoretical analysis and empirical studies, the
book advances policy suggestions that help to solve the challenges
for integrated development in the region. The volume will benefit
scholars and students, as well as investors, business observers,
and policy makers interested in the Chinese economy, regional
economics, industrial economics, and economic geography.
This is the first English book that presents a professional
analysis of the recent dynamic movement of the Chinese economy by
focusing on the Yangtze River Delta region, which is the main
engine of the Chinese economy. The impact of the international
financial crisis on China’s economic development requires a
change from the first wave of economic globalization oriented
toward exports to the second wave of economic globalization
characterized by expanding domestic demand. Taking this economic
aspect into consideration, the following are proposed in this book:
1) expansion of the level of openness in the process of increasing
domestic demand means shifting the industrial focus from
manufacturing to the service industry; 2) promotion of the
globalization of local services should be based on the
globalization of local manufacturing; 3) the Yangtze River Delta
region should aim at its own strategic positioning under new,
changed circumstances and should achieve modernization in advance
with the concept of integrative development; 4) Establishment of a
support system is essential meanwhile for this area to develop an
innovative economy and to promote the transition from manufacturing
to promoting emerging industries, including a modern service
industry. The book has an underlying concept, namely, that the key
to economic transformation is to start the development of modern
services and that only by transforming the development pattern of
the service industry can the transition and upgrade of the economy
be effectively achieved. For this purpose further urbanization and
advancing the transformation from low-tech to high-tech industries
by the effective development of industrial clusters is advocated.
To ensure that these conclusions are based on a solid analysis, the
authors draw heavily upon empirical analyses employing modern
econometric methods and make use of economic theories such as
endogenous growth theory and spatial economic theory. Â
 Â
This is the first English book that presents a professional
analysis of the recent dynamic movement of the Chinese economy by
focusing on the Yangtze River Delta region, which is the main
engine of the Chinese economy. The impact of the international
financial crisis on China's economic development requires a change
from the first wave of economic globalization oriented toward
exports to the second wave of economic globalization characterized
by expanding domestic demand. Taking this economic aspect into
consideration, the following are proposed in this book: 1)
expansion of the level of openness in the process of increasing
domestic demand means shifting the industrial focus from
manufacturing to the service industry; 2) promotion of the
globalization of local services should be based on the
globalization of local manufacturing; 3) the Yangtze River Delta
region should aim at its own strategic positioning under new,
changed circumstances and should achieve modernization in advance
with the concept of integrative development; 4) Establishment of a
support system is essential meanwhile for this area to develop an
innovative economy and to promote the transition from manufacturing
to promoting emerging industries, including a modern service
industry. The book has an underlying concept, namely, that the key
to economic transformation is to start the development of modern
services and that only by transforming the development pattern of
the service industry can the transition and upgrade of the economy
be effectively achieved. For this purpose further urbanization and
advancing the transformation from low-tech to high-tech industries
by the effective development of industrial clusters is advocated.
To ensure that these conclusions are based on a solid analysis, the
authors draw heavily upon empirical analyses employing modern
econometric methods and make use of economic theories such as
endogenous growth theory and spatial economic theory.
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