[DOWNLOAD] "Another Aspect of the Chinese Model of Development: An Interpretation of the "Hangzhou Model" (Report)" by China Media Research # eBook PDF Kindle ePub Free
eBook details
- Title: Another Aspect of the Chinese Model of Development: An Interpretation of the "Hangzhou Model" (Report)
- Author : China Media Research
- Release Date : January 01, 2011
- Genre: Language Arts & Disciplines,Books,Professional & Technical,Education,
- Pages : * pages
- Size : 192 KB
Description
In the past 30 years of Reform and Opening-up, two models of economic development in China have drawn much attention and have been duplicated widely. One was the "Wenzhou Model" which came into being in the early 1980s in Wenzhou of Zhejiang Province, while the "Southern Jiangsu Model" derived from the south of Jiangsu Province and has attracted many researchers and official members' attention since the 1990s. The "Wenzhou Model" was characterized by combining various kinds of profit-seeking economic subjects together through the market. The model was based on people's desire for wealth: the more the individual wants to make money, the more dynamic the model will be. However, the "Wenzhou Model" failed to settle the problems and damage caused by "negative externality", which was much similar to the phenomenon that appeared in the early capitalist market economy in western countries. Moreover, the poorer and poorer economic performance of the "Wenzhou Model" made it self-evident that it no longer qualified to serve as an example for other regions, whether in its social or economic aspect. However, the "Wenzhou Model" was extending to more parts of the nation due to the constant transfer of capital from Wenzhou to other places. In contrast, by taking advantage of administrative resources from local governments, the "Southern Jiangsu Model" focused on constructing large-scale industrial parks to advance enterprise through trade and investment promotion. What the model brought about was a soaring growth of regional GDP and a rapid increase of economic aggregate. Yet, as a form of "enclave economy", the "Southern Jiangsu Model" was unable to develop an organic relationship with local society or economy, and even impaired the course of economic growth stimulated by increasing employment. The deficiency of this model was manifested by its lack of interrelationship with people's daily lives, such as income and employment. If large-scale industrial parks and rapid development of the economy could neither address local residents' basic problems nor improve their living standard, the model was not an effective one. The "Wenzhou Model" had nothing to do with enhancing people's happiness, while the "Southern Jiangsu Model" showed little concern with daily life. These two economic models, however, have received widespread recognition and have been imitated in the last 30 years, and have thus became the most influential modes of regional development in China. Furthermore, the two models were often regarded internationally as a typical manifestation of the "China Model." Despite diverse development modes in many other domestic regions, it was apparent that they could be attributed to the reflection of "Wenzhou Model" or "Southern Jiangsu Model" to some extent.