Time: September 12th, 2014 Lecturer: Professor ZHAO Wei Host: Professor ZHAO Nong Commentators:XIN Wang, LIU Qihong, ZHANG Shuguang, SHENG Hong Professor ZHAO Wei started with explanation of the reversed transmission of pressure for reforms, i.e., the institutional transition by analyzing the development model of Zhejiang Province. By analyzing the past experience of Zhejiang and its economic performance in recent years, Professor ZHAO thought the room for reversed transmission of power was expanding. He also pointed out that this model was a norm for regional marketization which featured the privatization. By analyzing the reform model of the four regions in Zhejiang Province(Wenzhou, Xiaoshan, Yiwu, and Ningbo), Professor ZHAO thought the regional transition model also had something to do with reform of property rights, which was the key to “Zhejiang Economic Miracle” or the “Zhejiang Model”. The theoretical explanation for this was, Professor ZHAO proposed, the industrialization and the industrial clustering, and the industrial development and the institutional evolution. He also illustrated five more detailed progressive up gradation of the two processes, i.e., the industrial clustering, the industrial organization, the entrepreneurship, the expansion of the scope of industrial zones, and the reversed transmission of pressure of institutions. Thereby, Professor ZHAO proposed his logical framework and thought that the first three up gradation would enhance the scope for industries, and therefore, push forward further reforms as the pressure for reform mounted on the administrative entities. On the basis of this framework, Professor ZHAO also shed light upon the new phenomena in regards to the “small region” and “big enterprises” in Zhejiang’s economy in recent years. |