World Factory in Crisis : Global Economy Downturn as a Speedbump on the Path of Development in China’s Pearl River Delta, and the Twisty Road for Recovery
Tang, Yi (2012)
Metropolia Ammattikorkeakoulu
2012
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2012121920110
https://urn.fi/URN:NBN:fi:amk-2012121920110
Tiivistelmä
As one of the world’s largest and most dynamic economies, as well as an important member of international matters, China attracts enormous attention and the focus is on the opportunities and challenges associated with China’s emergence. The Pearl River Delta Special Economic Zone of Guangdong province in the southeast China, is the pioneer of
the Chinese Economic Reform initiated by Deng Xiaoping in 1978, and has been the most dynamic economic region since then. During the ongoing reform process, this region has
become a manufacturing center of global importance, the province with the highest GDP, and one of the fastest growing economic regions in the world.
Being the leader of China’s economic reform and global manufacturing centre, the region is suffering from a sharp decline in export demand, large-scale of small and medium companies shutting-down and lay-offs of migrant workers. The traditional industry mode based on cheap labour and low value-added manufacturing is facing much limitation due
to rising cost of land and labour. An industrial upgrading and restructuring is the solution. To cope with the problems caused by the crisis and to transform traditional industries into high value-added and high-tech industries, local governments have implemented a series of policies to support the region’s industrial upgrading. Some relevant and valuable lessons can be learnt from Taiwan’s industrial upgrading. With the once-in-a-decade political change in China in November 2012, how will the new national political body affect the Pearl River Delta’s revolutionary road?
the Chinese Economic Reform initiated by Deng Xiaoping in 1978, and has been the most dynamic economic region since then. During the ongoing reform process, this region has
become a manufacturing center of global importance, the province with the highest GDP, and one of the fastest growing economic regions in the world.
Being the leader of China’s economic reform and global manufacturing centre, the region is suffering from a sharp decline in export demand, large-scale of small and medium companies shutting-down and lay-offs of migrant workers. The traditional industry mode based on cheap labour and low value-added manufacturing is facing much limitation due
to rising cost of land and labour. An industrial upgrading and restructuring is the solution. To cope with the problems caused by the crisis and to transform traditional industries into high value-added and high-tech industries, local governments have implemented a series of policies to support the region’s industrial upgrading. Some relevant and valuable lessons can be learnt from Taiwan’s industrial upgrading. With the once-in-a-decade political change in China in November 2012, how will the new national political body affect the Pearl River Delta’s revolutionary road?