The regional economic development model of the Chinese Pearl River Delta is under increasing pressure to adapt. Local firms and their business models are faced with growing competition from other Chinese regions and Asian economies. Along with a slowdown in economic growth, firms and policy-makers are called for a reorganization of business models as well as for an overall adjustment of the regional economic growth model and economic upgrading. Based on a case study of the electronics industry and supported by a mixed-methods approach, this e-book analyzes the role of formal and informal institutions for the process of regional economic adjustment and allows for an in-depth view into the changing economic landscape of the production cluster in the Pearl River Delta. It contributes to the emerging field of empirical studies on institutions and economic development in geography. Following a discussion of the role of institutions and innovation for regional economic change, four empirical chapters elaborate the role of firms' strategic adaptation, the role of financial markets for firm innovation, the use of supply-chains for interactive learning, and the role of the party administration and informality for the process regional economic adjustment.

Autorentext

Malte Lech studied geography majoring in economic geography at Leibniz University Hannover and Aalborg University, Denmark. He was research associate at the Institute of Economic and Cultural Geography at the Leibniz University Hannover from 2011 to 2012. He completed his PhD thesis on institutions, innovation and regional economic change in the electronics industry in the Chinese Pearl River Delta in 2015. His focus of research is on regional innovation, industrial change and the development of emerging economies in East- and South-East Asia.