The Study Of Government's Credit-worthiness In Regional Competitiveness

In order to narrow the gap of development, the backward areas should have insightful thinking and practice on improving the regional competitiveness. These programs of regular institutional construction, such as excellent hardware facilities, abundant law supplies, good system and policy, are essential factors that are extremely important to improve the regional competitiveness. Meanwhile, cultural construction should also be attached great importance to. The word "culture" here mainly means "essential soft elements ", such as humane quality, credit-worthiness and social atmosphere of a regional society. The credit-worthiness of a regional society is a very important respect that can largely optimize the social environment. Besides, it is a shortcut for less developed area to achieve competitiveness with lower cost. To a large extent, cultural construction can enhance the ability to make use of mobile resources (the talented people and the capital) and can improve a region's ability to sustain its economic development. It will give a powerful push to the economic development and social progress of the western backward areas.The social credit system is so important in culture construction that it should also be imperatively constructed. The foundation of government's credit-worthiness is the cornerstone of the setting-up of the whole social credit system. Government's credit-worthiness is the core of the whole credit system and the public trust to the government is a prerequisite for setting up enterprise, bank, social and personal credit.These following reasons can explain why there exists credit-worthy defect in the government of western areas. First, non-market factors occupy a very important position in the western regional economy. The western areas have not yet set up market economic system. Accordingly, the construction of government's credit-worthiness lacks the necessary foundation of economic system. This is because state-owned system financially caused the defect of government's credit-worthiness. Second, The western backward areas exist serious problems: government's huge organs, poor efficiency and excessively political intervention. Such a mechanism is just the institution reason for the defect of government's credit-worthiness in backward areas. Third, the western backward areas locate in a barren, isolated and naturally harsh place which in society and the humanities basically results in defect of their government's...