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Macau Periodical Index (澳門期刊論文索引)
- Author
- Pollard, David
- Title
- CEPA and Pan-Pearl river delta economic integration: A comparative business development perpective
- Journal Name
- Euro Asia Journal of Management
- Pub. Info
- Jun. 2005, Vol.15, No.1, pp. 3-15
- Abstract
- Abstract : The introduction of the Closer Economic Partnership Arrangement (CEPA) at the beginning of 2004 and, more recently, CEPA-2 has provided a framework for increased business development in the Pearl River Delta area of China and the Special Administrative Regions of Macau and Hong Kong. In particular, the introduction of CEPA may lead to a significant increase in trade between Hong Kong and the neighbouring Guangdong Province. This paper examines the economic context into which the CEPA provisions have been implemented from an international perspective and it contains an assessment of relevant business development issues, particularly the case of small and medium-sized businesses (SMEs) in mainland China and Hong Kong. Wider issues for direct investment and the role of Hong Kong are also assessed. Experience with the implementation of free trade and associated market developments in other parts of the world is included but it is suggested that such models are of limited use in assessing economic development in the Pan-Pearl River Delta Area. It seems that models derived from local practice will be more effective. Paragraph Headings: 1. Introduction 2. CPEA and economic intergation 3. Historical and other factors 3.1. Hong Kong 3.2. Macau 3.3. Guangzhou 3.4. Shenzhen and Zhuhai 4. Economic and other integration factors in the Pan-Peral River Delta area 4.1. Economic integration issues 4.2. Political integration 4.3. Cultural integration 4.4. Institutional integration 5. Enabling factors for regional and business development 6. CEPA and competition 7. Discussion 8. Concluding remarks