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Shenzhen at 40: China's Silicon Valley of Hardware (1978-2018)
內容大綱
This case examines the development of Shenzhen through three key phases of its economic journey that span almost 40 years, starting with its humble beginnings as a Special Economic Zone (SEZ). We analyse the city's evolution and push towards innovation via Porter's Diamond Theory and its four interrelated factors of national comparative economic advantage: firm strategy, structure and rivalry; related supporting industries; demand conditions; and factor conditions. In understanding Shenzhen's economic transformation, we should, in particular, appreciate the important role and commitment of the Chinese government in driving economic development and innovation through setting and articulating economic direction; attracting talent; providing physical infrastructure; making policy adjustments; and building a presence on the global platform. We end by projecting the threats that Shenzhen may face in sustaining its future growth.