PROGRESS IN GEOGRAPHY ›› 2018, Vol. 37 ›› Issue (12): 1597-1608.doi: 10.18306/dlkxjz.2018.12.002

Special Issue: 粤港澳大湾区

• Special Column: Guangdong-Hong Kong-Macao Greater Bay Area • Previous Articles     Next Articles

Theoretical framework and development strategy of the Guangdong-Hong Kong-Macao Greater Bay Area

Simon Xiaobin ZHAO1(), Wei QIANG1, David Waiho WONG2, Shi XIAN3,*()   

  1. 1. International Center for China Development Studies, The University of Hong Kong, Hong Kong 999077, China
    2. Centennial College, Hong Kong 999077, China
    3. School of Geographical Sciences, Guangzhou University, Guangzhou 510006, China
  • Received:2018-11-30 Revised:2018-12-15 Online:2018-12-28 Published:2018-12-28
  • Contact: Shi XIAN E-mail:sxzhao@hku.hk;geoshixian@gzhu.edu.cn
  • Supported by:
    Hong Kong Research Grants Council's Theme-based Research Scheme Project, No.T31/717/12R;National Natural Science Foundation of China, No.41771127

Abstract:

The Guangdong-Hong Kong-Macao Greater Bay Area is a new geographical concept arising from the enhanced cooperation of the Pearl River Delta Economic Zone under China's Belt and Road Initiative. As a new global bay area, how to make a theoretical breakthrough in neoliberalism framework and explore the development pathway in line with the socialist market economic system is an important issue that policymakers and planners need to think about. Based on a systematic review of the existing theories in urban agglomeration, regional growth pole theory, the cluster theory in new economic geography, and the global production network theory, this article seeks for a theoretical framework and grounding for understanding the development issues in the Greater Bay Area. In line with the existing advantages of the Greater Bay Area, this article identifies the strategic positioning and development pathway for the area, and argues that creating a new development model of endogenous growth with indigenous innovation is the first development priority for the Greater Bay Area. That is, through deepening the cooperation between Guangdong, Hong Kong, and Macau under "one country, two systems, three tariff zone," the Greater Bay Area could first achieve the transformation and upgrading in advanced manufacturing industry and secure a strategic position as an important regional hub in the global production network. Second, the Greater Bay Area should also use its own strengths in education, scientific research, and international financial services to develop China's innovation hub and global financial center with strong property rights, compliance, and rule-based economic system.

Key words: Guangdong-Hong Kong-Macao Greater Bay Area, advanced manufacturing industry, global production network, finance and innovation