TY - BOOK ID - 136725372 TI - How do special economic zones and industrial clusters drive China's rapid development? PY - 2011 PB - Washington, D.C., The World Bank, DB - UniCat KW - Challenges KW - Competitiveness KW - Debt Markets KW - Development KW - E-Business KW - Environmental Economics & Policies KW - Experiences KW - Growth KW - ICT Policy and Strategies KW - Industrial Clusters KW - Labor Policies KW - Macroeconomics and Economic Growth KW - Policy Suggestions KW - Special Economic Zones (SEZ) KW - Success KW - China UR - https://www.unicat.be/uniCat?func=search&query=sysid:136725372 AB - In the past 30 years, China has achieved phenomenal economic growth, an unprecedented development "miracle" in human history. How did China achieve this rapid growth? What have been its key drivers? And, most important, what can be learned from China's success? Policy makers, business people, and scholars all over the world continue to debate these topics, but one thing is clear: the numerous special economic zones and industrial clusters that emerged after the country's reforms are without doubt two important engines of China's remarkable development. The special economic zones and industrial clusters have made crucial contributions to China's economic success. Foremost, the special economic zones (especially the first several) successfully tested the market economy and new institutions and became role models for the rest of the country to follow. Together with the numerous industrial clusters, the special economic zones have contributed significantly to gross domestic product, employment, exports, and attraction of foreign investment. The special economic zones have also played important roles in bringing new technologies to China and in adopting modern management practices. This study briefly summarizes the development experiences of China's special economic zones and industrial clusters (their formation, success factors, challenges, and possible areas or measures for policy intervention), based on case studies, interviews, field visits, and extensive reviews of the existing literature in an attempt to benefit other developing countries as well as the broader development community. ER -