Journal of East China Normal University (Philosoph ›› 2015, Vol. 47 ›› Issue (5): 129-136.doi: 10.16382/j.cnki.1000--5579.2015.05.014

• 经济金融 • Previous Articles     Next Articles

The Process, Risks and Countermeasures of Chinas Transformation of Foreign Economic Development Mode in a Global Production Network

TANG Hai-Yan, ZHANG Hui-Qing   

  • Online:2015-09-15 Published:2015-11-01
  • Contact: TANG Hai-Yan, ZHANG Hui-Qing
  • About author: TANG Hai-Yan, ZHANG Hui-Qing

Abstract: A global production network can be defined from the perspective of intraproduct specialization, and its shaping and developing directly influences the mode and transformation of foreign economic development in a country. There are some theoretic logics and inherent disciplines about the transformation of foreign economic development mode. In a global product networks, Chinas foreign economic development mode should be transformed from an exogenous and extensive style to a balanced, inclusive and intensive one. The essence of transformation is to enhance Chinas status in the global production network and global value chains. However, it is a complicated process to transform Chinas foreign economic development mode and there may be some risks in this process. Therefore, Chinas transformation of foreign economic development mode must grasp the key points as follows:(1) insistence on participating in international division of labor based on comparative advantage, realizing the evolution from comparative advantage to competitive advantage through ‘Made in China 2025’ plan;(2) complying with the trend of global value chains transferring, making the best use of the markets abroad and at home and the internal and external resources to create an updated version of ‘Made in China’;(3) developing core competence of firm by considering global value chain, fostering the micro subject with international competitiveness through ‘Internet Plus plan;(4) optimizing trade policy by the new thinking of intraproduct specialization and global production network, promoting the transformation and upgrading of processing trade.

Key words: global production network, value chain, foreign economic development mode, manufacturing upgrading, risks