Wenzhou model
E833844
The Wenzhou model is a distinctive Chinese development approach characterized by grassroots entrepreneurship, family-run private businesses, and market-driven growth with limited direct state intervention.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic development model
ⓘ
regional development strategy ⓘ |
| appliesTo |
Wenzhou
NERFINISHED
ⓘ
Zhejiang Province NERFINISHED ⓘ |
| associatedWith |
family business networks
ⓘ
industrial clusters ⓘ informal lending practices ⓘ township and village enterprises ⓘ |
| characteristic |
clan-based business organization
ⓘ
dense private business networks ⓘ export-oriented manufacturing ⓘ family-based capital accumulation ⓘ family-run private businesses ⓘ flexible labor markets ⓘ grassroots entrepreneurship ⓘ informal finance ⓘ light industry focus ⓘ limited direct state intervention ⓘ low entry barriers for entrepreneurs ⓘ market-driven growth ⓘ small and medium-sized enterprises ⓘ |
| contrastsWith |
heavy state-owned enterprise dominance
ⓘ
state-led development model ⓘ |
| country | China ⓘ |
| developedIn | 1980s ⓘ |
| economicSystem |
market economy with limited planning
ⓘ
private-sector-led economy ⓘ |
| fieldOfStudy |
Chinese economic studies
ⓘ
development economics ⓘ regional economics ⓘ |
| hasAspect |
high reliance on family support systems
ⓘ
limited social welfare provision by the state ⓘ strong role of local markets ⓘ weak formal financial institutions in early stages ⓘ |
| impact |
contributed to national policy debates on privatization
ⓘ
influenced perceptions of private sector in China ⓘ |
| influencedBy | Chinese economic reform ⓘ |
| knownFor |
entrepreneurial culture
ⓘ
flexible production networks ⓘ high levels of self-employment ⓘ informal credit associations ⓘ rapid growth of private enterprises ⓘ specialization in low-cost manufacturing ⓘ |
| namedAfter | Wenzhou NERFINISHED ⓘ |
| periodOfUse | post-1978 reform era ⓘ |
| usedAs |
case study in development economics
ⓘ
example of bottom-up development ⓘ |
Referenced by (1)
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