Pioneering Economic Reforms in China's Special Economic Zones: The Promotion of Foreign Investment and Technology Transfer in Shenzhen
This text examines the performance of China's Special Economic Zones (SEZs), particularly in attracting foreign investment and promoting technology transfer, through an in-depth case study of the largest zone - Shenzhen. The major theme is that spatial placement and unique planning activities, which are not found elsewhere within China, are more important in explaining the performance of SEZs than is acknowledged in the existing literature. The significant growth of foreign investment is primarily a possitive function of proximity to major countries of origin, inphysical, economic, cultural and political terms; and is also positively related to favourable local policy environment. Labour cost differentials between the zones and other potential sites in China and domestic market potential in contrast to traditional neoclassical theory, are only residual factors. The manuscript offers a unique resource for China scholars, policy makers concerned with economic development, and business interested in investing in China.
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Local Policy Environment and Labor Costs
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Actually Utilized Foreign advanced technology Asian attracting foreign investment Bank Beijing capital central government China's SEZs Chinese coastal open cities contract developing countries domestic linkages domestic market potential enterprises in Shenzhen EPZs established factors Foreign Direct Investment foreign investment inflows Foreign-invested enterprises Fujian garments Guangdong Province Guangzhou Hong Kong firms Hong Kong investors incentives income inland areas inland enterprises Investment in China investment in Shenzhen Japanese joint ventures Kong's labor costs labor-intensive machinery major manufacturing industries metal products million output value outward processing overseas Chinese particularly Pearl River Delta personal interviews political profits promoting foreign investment reform region sector SEZ policy Shanghai share Shenzhen Statistical Bureau Shenzhen Statistical Yearbook Shenzhen total Shenzhen's Industrial Singapore sources South Korea Special Economic Zones Table Taiwan technology transfer textiles & dyeing Tianjin TNCs transportation U.S. dollars utilized foreign investment wages wholly foreign-owned enterprises workers yuan
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The New Chinese City: Globalization and Market Reform
No preview available - 2002