The Importance Of Developing The Open Economy In West Fujian And Strategies For Developing

Since the reform and open policy, great progress has been achieved in West Fujian in absorbing foreign capital and developing the open economy. However, compared with the coastal area and the area of developing economy, this region still has a long way to go. With the globalization of world economy and China's entry into the WTO, West Fujian has participated in the world economic competition. As a result, there is a great need for this region to overcome poor infrastructures, the small total economic amount and its lack of talented personnel, technique and fund, to make best use of its own advantages, to further develop open economy and to realize its modernization. Based on the development of the open economy in the west of Fujian and the characteristics and principles of open economy, this paper is to suggest some approaches to develop the open economy in this region. This paper consists of four parts.Part One accounts for the definition of the open economy and its characteristics. It elaborates the similarities and differences between the open economy and the export-oriented economy. Moreover, it points out that to develop the open economy is the trend of the economic development in future.Part Two concerns what has happened to China's coastal and riverine areas in developing the open economy since the reform and open policy. What has achieved in such areas has provided the west of Fujian with profitable experience to develop the open economy.Part Three analyzes the existing difficulties and favorable opportunities to develop the open economy in the west of Fujian. It points out the open economy is the future economic mode in this region.Part Four deals with the principle to be abided by and the points to be paid more attention to and the measures to be taken so that the open economy will be developed soon.