Deficiencies in China’s Island Development Processes Compared with Other Countries

Xiang Ma and Wei Wu

Emerging Markets Finance and Trade, 2020, vol. 56, issue 13, 2963-2976

Abstract: Islands help maintain balance in the marine environment and develop the marine economy. They are strategic frontiers that safeguard maritime interests and national security. To address difficulties in developing inhabited islands, this study summarizes literature on island development processes in China and successful foreign experiences. We find three main deficiencies in China’s island development processes: lack of well-defined development models, absence of focused legislation for different types of island economies, and lack of departmental coordination. To address these deficiencies, we recommend including island development in China’s national strategy, formulating management plans and effective policies for rational island development, promoting the growth of bay area economies, and encouraging participation of diverse capital sources.

Date: 2020
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DOI: 10.1080/1540496X.2019.1644498

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