In the development of the enclave economy with Chinese characteristics, the government’s leading role is reflected in more than the two aspects of “planning guidance” and “infrastructure first” since it also needs to continue to leverage market forces, that is, to guide and drive the formation and development of target industries in a reasonable way. When studying the nature and determinants of modern economic growth, the new structural economics takes the factor endowment structure as the starting point of the research. It believes that for an economy, its factor endowment structure in a certain period of time determines the comparative advantages, which in turn shape the optimal industrial structure of that economy.

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Platform-Driven Development: Using the Government Leverage to Vitalize Market Forces

  • Yaodong Chan

摘要

In the development of the enclave economy with Chinese characteristics, the government’s leading role is reflected in more than the two aspects of “planning guidance” and “infrastructure first” since it also needs to continue to leverage market forces, that is, to guide and drive the formation and development of target industries in a reasonable way. When studying the nature and determinants of modern economic growth, the new structural economics takes the factor endowment structure as the starting point of the research. It believes that for an economy, its factor endowment structure in a certain period of time determines the comparative advantages, which in turn shape the optimal industrial structure of that economy.