Study of the Economic Zone on the West Coast of the Taiwan Strait''s (Fujian) Competitive
Date Issued
2008
Date
2008
Author(s)
Yang, Chian-Hwa
Abstract
In 2005 the Central Committee of the Communist Party of China had permitted suggestions of the 11th Five-Year plan. To support the Economic Zone on the West Coast of the Taiwan Strait (EZWCTS) is included. Fujian government hopes that with the political emphasis, its economy will be developed. At the same time this economic project could realize one of the Chinese central political goals--to unify Taiwan. Whether EZWCTS is successful or not will influence the economic development of the both sides of the Taiwan Strait. Due to these motives, the main points of this thesis are following: . Describe the policy and recent development of EZWCTS;. Use concepts of regional competitiveness to illustrate the pros and cons of EZWCTS as compared with other provinces.. Use the results of the practical analysis to analyze possible economic influences of the Taiwan Strait.According to empirical rules of regional development, if one region owns strong political support, its economy, industry, finance, trade, infrastructure, technology, innovation, society, education, environment and education will be strongly influenced. Therefore, it is supposed, though the overview of the whole regional competitiveness we could measure the outcome of each policy and then know its advantages and disadvantages. Local government could use those results to modify its development policy. This thesis takes the change of the overall competitiveness of Fujian province of the year 2001 and 2005 as the analytic basis in order to measure the development of EZWCTS. Meanwhile these results could be implied to evaluate its possibilities.In the third chapter the policy and recent development of EZWCTS are clearly introduced. Then we apply factor analysis to find out the common factors of the overall competitiveness of each province of the year 2001 and 2005. The three factors comprise “the basic economic structure”, “foreign dependence” and “enterprise performance”. These 3 factors include 20 components. According to the result of the factor analysis, Fujian’s rank of the year 2001 is 6th, but the rank of the year 2005 goes down to 9th. It might indicate that after the 10th Five-Year plan the Fujian’s competitiveness declines. From further research of the factor analysis, the common factor “the basic economic structure” could explain the main reason of recession. The rank of this factor goes from 6th in 2001 down to 10th in 2005. The basic economic structure also interprets demand and infrastructure. During the period of the 10th Five-Year plan, the development of demand and infrastructure in Fujian was obviously worse than others provinces. It also explains the intra economic policy of EZWCTS, which describes Fujian’s weaknesses. But otherwise, we should pay attention to the change of “Foreign dependence”. It goes up continuously. That also means Fujian has this advantage. As compared to results of this factor analysis with the statistic of foreign trade of Fujian, we can discover that most of foreign investment comes actually from Taiwan’s enterprises. From this point of view, we can realize why Fujian government emphasizes on integrating the economic development of Taiwan Strait. Fujian government regards this economic integration plan as an important issue for the coming year.Whether Fujian can develop the basic infrastructure, such as the traffic network and the capacity of economic software and hardware, or the cooperation with Taiwan or not is the key factor of success for EZWCTS. Due to Fujian’s economic plan and competitiveness, Fujian government should emphasize its strengths, such as transfer and inter location. About the economic integration plan, Cross-Strait relations and recent political atmosphere must be considered. Therefore whether present political difficulties could be overcome plays an important role. It indicates if Fujian could still have more and more foreign investment from Taiwan to maintain its competitiveness.
Subjects
the Economic Zone on the West Coast of the Taiwan Strait (EZWCTS)
Fujian
competitiveness
factor analysis
regional development
SDGs
Type
thesis
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