Comparative Analysis of Regional Economic and Social Integration: Key Issues and Solutions
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i5.2903
Abstract
The integration therefore of regional economy and societies is necessary and effective in addressing the real issues to do with sustainable development and equalization of inequities. Through the synthesis of pertinent literature, this paper identifies relevant issues that have led to some disparity between the foreign experiences and Chinese engagement in regional integration. In this case, the analysis will be conducted on institutional issues, economic inequalities, social polices, and facilities. While looking into the strategies of other countries, including the success story of the European Union, the developed analysis suggests ways to improve integration in China. The need to continue the work on the formation of effective governance structures, use special financial instruments, implement comparable social initiatives, and to focus on infrastructure construction has been outlined as the ways to boost the regional development and to overcome the gap.
Keywords
regional integration, institutional framework, economic disparities, social policies, infrastructure development
Full Text
PDF - Viewed/Downloaded: 2 TimesReferences
[1]Bachtler, John, and Colin Wren. "Evaluation of European Union Cohesion Policy: Research Questions and Policy Challenges." Regional Studies 40, no. 2 (2006): 143-153. https://doi.org/10.1080/00343400600600454.
[2]Barca, Fabrizio, Philip McCann, and Andrés Rodríguez-Pose. "The Case for Regional Development Intervention: Place-Based Versus Place-Neutral Approaches." Journal of Regional Science 52,no. 1 (2012): 134-152.https://doi.org/10.1111/j.1467-9787.2011.00756.x.
[3]European Commission. "Cohesion Fund." Last modified 2021. https://ec.europa.eu/regional_policy/en/funding/cohesion-fund/.
[4]European Commission. "European Regional Development Fund." Last modified 2021. https://ec.europa.eu/regional_policy/en/funding/erdf/.
[5]European Commission. "Trans-European Transport Network (TEN-T)." Last modified 2021. https://ec.europa.eu/transport/themes/infrastructure/ten-t_en.
[6]European Parliament. "The European Social Fund Plus (ESF+)." Last modified 2021. https://www.europarl.europa.eu/factsheets/en/sheet/54/the-european-social-fund-plus-esf.
[7]Feng, Shuaizhang, and Junjie Yu. "Regional Economic Inequality in China: Trends, Explanations and Policy Responses." Applied Economics 52, no. 22 (2020): 2469-2484. https://doi.org/10.1080/00036846.2019.1681912.
[8]Herrmann-Pillath, Carsten. "Social Capital, Chinese Style: Individualism, Relational Collectivism and the Cultural Embeddedness of the Institutions-Performance Link." China Economic Review 20, no. 4 (2009): 526-541. https://doi.org/10.1016/j.chieco.2009.04.006.
[9]Huang, Yiping, and Hong Cai. "Infrastructure Development and Regional Economic Growth in China." Journal of Asian Economics 70 (2020): 101211. https://doi.org/10.1016/j.asieco.2020.101211.
[10]Meng, Xin, and Xiaodong Wu. "Regional Disparities in Wage Growth in China: Decomposition and Solutions." Economic Development and Cultural Change 64, no. 1 (2015): 129-161. https://doi.org/10.1086/682951.
[11]Naughton, Barry. The Chinese Economy: Transitions and Growth. Cambridge, MA: MIT Press, 2007.
[12]Qin, Yu, and Chunting Zhang. "The Regional Development Policy in China: Turning Over a New Leaf." Journal of Comparative Economics 42, no. 4 (2014): 988-1005. https://doi.org/10.1016/j.jce.2014.08.005.
[13]World Bank. "Regional Disparities in China: Policies and Strategies." Last modified 2021. https://www.worldbank.org/en/country/china/overview#2.
[2]Barca, Fabrizio, Philip McCann, and Andrés Rodríguez-Pose. "The Case for Regional Development Intervention: Place-Based Versus Place-Neutral Approaches." Journal of Regional Science 52,no. 1 (2012): 134-152.https://doi.org/10.1111/j.1467-9787.2011.00756.x.
[3]European Commission. "Cohesion Fund." Last modified 2021. https://ec.europa.eu/regional_policy/en/funding/cohesion-fund/.
[4]European Commission. "European Regional Development Fund." Last modified 2021. https://ec.europa.eu/regional_policy/en/funding/erdf/.
[5]European Commission. "Trans-European Transport Network (TEN-T)." Last modified 2021. https://ec.europa.eu/transport/themes/infrastructure/ten-t_en.
[6]European Parliament. "The European Social Fund Plus (ESF+)." Last modified 2021. https://www.europarl.europa.eu/factsheets/en/sheet/54/the-european-social-fund-plus-esf.
[7]Feng, Shuaizhang, and Junjie Yu. "Regional Economic Inequality in China: Trends, Explanations and Policy Responses." Applied Economics 52, no. 22 (2020): 2469-2484. https://doi.org/10.1080/00036846.2019.1681912.
[8]Herrmann-Pillath, Carsten. "Social Capital, Chinese Style: Individualism, Relational Collectivism and the Cultural Embeddedness of the Institutions-Performance Link." China Economic Review 20, no. 4 (2009): 526-541. https://doi.org/10.1016/j.chieco.2009.04.006.
[9]Huang, Yiping, and Hong Cai. "Infrastructure Development and Regional Economic Growth in China." Journal of Asian Economics 70 (2020): 101211. https://doi.org/10.1016/j.asieco.2020.101211.
[10]Meng, Xin, and Xiaodong Wu. "Regional Disparities in Wage Growth in China: Decomposition and Solutions." Economic Development and Cultural Change 64, no. 1 (2015): 129-161. https://doi.org/10.1086/682951.
[11]Naughton, Barry. The Chinese Economy: Transitions and Growth. Cambridge, MA: MIT Press, 2007.
[12]Qin, Yu, and Chunting Zhang. "The Regional Development Policy in China: Turning Over a New Leaf." Journal of Comparative Economics 42, no. 4 (2014): 988-1005. https://doi.org/10.1016/j.jce.2014.08.005.
[13]World Bank. "Regional Disparities in China: Policies and Strategies." Last modified 2021. https://www.worldbank.org/en/country/china/overview#2.
Copyright © 2024 Bowen Deng
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License