Institutional Transition, Improvement of Investment Environment, and Poverty Reduction: The Models of Sunan and Wenzhou. __ Institutional Innovation Case Study For Shanghai Poverty Conference. Main purpose for the case study.
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__Institutional Innovation Case Study For Shanghai Poverty Conference
3. Driving Factors
4. Lessons Learned
Sunan : includes Suzhou, Wuxi, and Changzhou, 14 million. located in the Yangzi River Delta Plain. Close to Shanghai. Traditional industrial base.
Wenzhou:7 million, located in the mountainous region of the south of Zhejiang Province. remote from big cities, poor transportation system.
developed large-scale collective processing industries initiated and run by local governments
developed low-end light products individual iniatative based, relying on small private businesses within a favorable environment created by local government
Motivation: Solve the serious unemployment problem, the low income.
Almost at least one member in the local families working in a TVE, half of family income came from TVEs
Constructing a unified social security system for urban and rural residents so as to eliminate poverty institutionally
Local government just focused on creating favorable investment environment by instead of involving running TVEs
To build the region into an international light industrial production and exchange center
Innovative spirit_ looking for opportunities
Proactive role of local government
Protecting property rights.
Forming an effective mechanism for capital formation. Agriculture_Trade; Formal _ Informal;
Establishing market-oriented product development mechanism.
Technology importing system for pushing the enterprises upgrading constantly. I
Technology diffusing path: innovation—imitation—extension
From farmer-entrepreneurs to young professional managers
Sunan and Wenzhou quite benefited from historical opportunities
Sunan_ driven by government;
Wenzhou_ spontaneous process. driven from the grassroots upwards.