An analysis of China’s global industrial competitive strength based on vertical specialization |
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| Authors: | Xiaodi Zhang Jingwei Sun |
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| Institution: | (1) School of Economics, Zhejiang University, Hangzhou, 310027, China;(2) School of Finance, Hangzhou Dianzi University, Hangzhou, 310018, China;(3) Postdoctoral Institute of College of Public Administration, Zhejiang University, Hangzhou, 310027, China |
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| Abstract: | At the beginning of the 1990s, China witnessed an increase in its international competitive strength in technology-intensive
and capital-intensive industries, and a decrease in strength in labor-intensive industries. This paper analyzes the effect
of vertical specialization on China’s international industrial competitive strength, explores how different industries have
varying reactions under its implementation, and employs theory to explain the possible causes of these reactions. It is found
that vertical specialization can help to strengthen China’s global industrial competitiveness, and on that basis, some suggestions
are given on how to improve that competitiveness.
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Translated from Shijie Jingji 世界经济 (Journal of World Economy), 2006(5): 12–21 |
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| Keywords: | vertical specialization overall labor productivity industrial competitiveness |
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