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1 The impact of institutional distance on sustainable investment: evidence from China’s Belt and Road Initiative  / 2020 /  Nankai Business Review International  / vol.ahead-of-print, no.ahead-of-print,

10.1108/NBRI-04-2020-0014
2 Rethinking the Economic Performance of Chinese Special Economic Zones  / 2004 /  East Asian Economic Review  / vol.8, no.2, pp.291 / 

10.11644/KIEP.JEAI.2004.8.2.131

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East Asian Economic Review Vol. 7, No. 2, 2003. pp. 3-52.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2003.7.2.106

Number of citation : 2

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Trends in China's Special Economic Zones and Suggestions for Korean Economy

Author

Yong Ho Choi

Kyungpook National University

yhchoi@knu.ac.kr

Sang Wook Kim

Research Center of China Urban and Regional Economies, Nankai University

cksw777@hanmail.net
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

China's Special Economic Zones (SEZs) have been entering a new development stage after China's entry into WTO. China has been developing ‘China's economic development model’, in which SEZs have ideally been combined with FDIs. China's SEZs concentrated in the east coastal region geographically, specialized in secondary industry, and put in practice many important favourable policies. China's SEZs also play an important role in regional development with the growth pole. At the time of entering the WTO, China's SEZs have been faced with new changes. This paper analyses this new change in China's SEZs, and considers the effect to Korea in the view of policy. In the past ten years, Korea has acquired a better development in the field of economic cooperation. The industrial structure of the two countries has become more and more closed. Especially, the FDI cooperation of the past ten years mostly concentrated on China's SEZs. From the view of country's spatial division, Korea needs to adjust FDI its strategy more diversely in investment regions and industries, and it needs more joint cooperation.

JEL classification: O1, O53, P39

Keywords

China’s Special Economic Zone, Economic Development, Korea, China, China Economic Development Model, Foreign Direct Investment

Language

Korean

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