Collaborative Innovation Mechanism of GBA in China: A Free Port Approach

This book explores the development model of the Great Bay Area (GBA) of China as an economic engine under the context of open policy. It proposes initiatives for the development of GBA synergetic free ports, including space, industry, finance, technological innovation, institution, social governance, and personnel, and concludes with a system dynamic model to simulate the regional impact.

Format: Hardback
Length: 352 pages
Publication date: 13 July 2022
Publisher: Springer Verlag, Singapore

This book delves into the intricate development model of the Great Bay Area (GBA) in China, serving as a powerful economic engine within the framework of open policies. Through extensive research, both theoretical and practical, encompassing a comprehensive analysis of leading free ports worldwide and the regional growth of renowned bay areas, it sheds light on the challenges and opportunities inherent in the GBA's synergetic free ports. In response, a series of innovative initiatives are proposed to propel the growth of these free ports, encompassing a harmonious synergy between space, industry, finance, technological innovation, institutions, social governance, and human resources. Furthermore, the book concludes with a system dynamic model designed to simulate the profound impact of GBA synergetic free ports on the region. The simulation results indicate significant enhancements in economic development, trade, government finance, and population agglomeration, underscoring the transformative potential of these ports in shaping the future of the GBA.

Introduction:
The Great Bay Area (GBA) in China, comprising the cities of Hong Kong, Macau, Shenzhen, Guangzhou, and Zhuhai, holds immense economic potential and serves as a hub for global trade and innovation. With its strategic location, robust infrastructure, and open policy framework, the GBA has emerged as a focal point for global economic activities. This book aims to explore the development model of the GBA as an economic engine under the context of open policy, examining the challenges and opportunities that arise from its unique position.
The Development Model of the GBA as an Economic Engine:
The GBA's development model is characterized by its focus on fostering a synergetic relationship between various sectors, including space, industry, finance, technological innovation, institutions, social governance, and personnel. By leveraging the strengths of each sector, the GBA aims to create a conducive environment for economic growth and development.
Challenges and Opportunities:
One of the key challenges facing the GBA is the need to balance economic development with environmental sustainability. The rapid expansion of industries and urbanization has led to concerns about pollution, resource depletion, and climate change. However, the GBA also presents significant opportunities for sustainable development, such as the development of renewable energy sources, green infrastructure, and smart city technologies.
Synergy of Space, Industry, Finance, Technological Innovation, Institutions, Social Governance, and Personnel:
To address these challenges and opportunities, the GBA has proposed a series of initiatives aimed at promoting synergy among these sectors. One of the key initiatives is the establishment of a comprehensive free trade zone. This free trade zone will facilitate the free flow of goods, services, capital, and people across the GBA, promoting economic integration and cooperation.
In addition to the free trade zone, the GBA has also proposed the development of a high-tech industrial zone, a financial center, and a technological innovation center. These zones will attract investment, promote technological advancements, and foster innovation, driving economic growth and creating job opportunities.
Furthermore, the GBA has emphasized the importance of social governance and personnel development. It has implemented policies to promote social equity, reduce poverty, and improve social welfare, ensuring that the benefits of economic development are shared by all members of society.
Conclusion:
The development model of the GBA as an economic engine under the context of open policy is a promising approach to promoting sustainable economic growth and development. By leveraging the strengths of each sector and promoting synergy among them, the GBA has the potential to become a global leader in innovation, trade, and investment. However, it is important to ensure that the GBA's development is sustainable and inclusive, addressing the needs and concerns of all stakeholders.

Weight: 723g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811922503
Edition number: 1st ed. 2022