| The policy of investment attraction sets the stage for the roaring economic growth of China in the past four decades.The shifting focus of economic growth from quantity to quality and the fading GDP-only mode of development do not necessarily lead to the abandonment of investment attraction.Quite the contrary,investment attraction is and will be the main task of different levels of government now and in the prospective future.It is especially important for industrial cluster zones to introduce external resources for the regional development via non-traditional methods.This dissertation systemically explains the rise and the current situation of industrial cluster zones in China and their investment attraction practices.It cites Hangzhou Dajiangdong Industrial Cluster Zone as a case to demonstrate the challenges of the investment attraction,such as the selectiveness and the biasness,the uncompetitive industrial structure,and the inefficiency of administration.These problems have created a pressure system in governance,hence causing biased evaluation and an anti-market industrial structure,which inevitably obstruct the successful implementation of the investment attraction policy.To tackle the challenges,this dissertation brings forward policy recommendations under a combined theoretical framework of governmental function,industrial transfer,and local competition.It recommends the government to carry out departmental performance evaluation and institutional reform.Meanwhile,it advocates the introduction of the market machnism as a key factor in the investment attraction. |
PDF Full Text Request