Research On Investment Attraction Of Local Government In Underdeveloped Regions Of Guangdong

Since the reform and opening up, with the capital and technology as the main target,attracting investment has greatly promoted the growth of local economy, and has become oneof the most important indicators of economic evaluation. Standing at the forefront of reformand opening up, Guangdong takes advantage of the geographical location, extrovert societyand the preferential policy to attract foreign investment. The Pearl River Delta region made aremarkable progress in economic development, while the Eastern, Western and Northernregions of Guangdong has lagged behind due to the geographical and historical reasons. Inthese undeveloped regions, boosting local economic through attracting investment hasbecome the consensus of local governments. With the domestic and internationaleconomic situation is undergoing profound changes, along with the industrial transformingand upgrading and the export slowdown, the governments in underdeveloped regions ofGuangdong have take attracting foreign investment as a crucial work in economicdevelopment.This paper is based on the theory of service-oriented government. Through analyzing anexample of investment attraction in an underdeveloped region of Guangdong, this articlepoints out the reasons of government’s inefficient behaviors during investment attraction,summarizes the experiences of investment attraction in and out of the country, and putsforward suggestions of optimizing the government’s behaviors in attracting investment. At thesame time, the short-term and long-term suggestions of investment attraction inunderdeveloped regions of Guangdong are proposed, which are significant to standardizegovernment’s work in attracting foreign investment, to improve administrative services and topromote economic development in undeveloped regions.Based on the theory of government’s functions, by using literature analytic and empiricalresearch as methods, this paper takes Meizhou government’s behaviors in attractinginvestment as analysis object, analyzes the current situation and the existing problems. At theend, some suggestions which ensures the balanced development of local economy and marketeconomy in undeveloped regions of Guangdong are introduced.