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Studies on China’s Special Economic Zones 4Special Economic Zones and the Selection of China’s Path for Institutional Changes

Studies on China’s Special Economic Zones 4: Special Economic Zones and the Selection of China’s... [Special economic zones, as the breakthrough points for the Chinese reform and opening-up, began the journey of exploring the path of China’s institutional changes. They constitute an imposed institutional arrangement that breaks the status of balance under the traditional system and makes the unbalanced development the best path selected for China’s institutional changes. The brilliant achievements of typical special economic zones represented by Shenzhen embody the “backwash effect”, the “spread effect” and the “trickle-down effect” in the traditional theory of regional economics by the “Chinese” mechanism in a “non-classical” manner, and interpret the unique path of China’s institutional changes. The transition from typical empirical special zones to special economic zones in a broad sense and then to the establishment and formation of free trade zones and bay areas, which are the extended forms of special economic zones, is the result of organically integrating “gradient development” and “reverse gradient development” and the harvest of institutional changes. The trajectory of the institutional changes reflects the internal logic of special economic zones and institutional changes, and constitutes the theoretical mechanism.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Studies on China’s Special Economic Zones 4Special Economic Zones and the Selection of China’s Path for Institutional Changes

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press 2021
ISBN
978-981-16-5631-6
Pages
57 –89
DOI
10.1007/978-981-16-5632-3_4
Publisher site
See Chapter on Publisher Site

Abstract

[Special economic zones, as the breakthrough points for the Chinese reform and opening-up, began the journey of exploring the path of China’s institutional changes. They constitute an imposed institutional arrangement that breaks the status of balance under the traditional system and makes the unbalanced development the best path selected for China’s institutional changes. The brilliant achievements of typical special economic zones represented by Shenzhen embody the “backwash effect”, the “spread effect” and the “trickle-down effect” in the traditional theory of regional economics by the “Chinese” mechanism in a “non-classical” manner, and interpret the unique path of China’s institutional changes. The transition from typical empirical special zones to special economic zones in a broad sense and then to the establishment and formation of free trade zones and bay areas, which are the extended forms of special economic zones, is the result of organically integrating “gradient development” and “reverse gradient development” and the harvest of institutional changes. The trajectory of the institutional changes reflects the internal logic of special economic zones and institutional changes, and constitutes the theoretical mechanism.]

Published: Jan 1, 2022

Keywords: Special Economic Zones (SEZs); Institutional change; Unbalanced development; China’s path

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