The evolution of an industrial cluster in China

We use two rounds of surveys, taken in 2000 and 2008 in the Zhili Township children’s garment cluster in Zhejiang Province, to examine in depth the evolution of this industrial cluster. Firm size has grown on average in terms of output and employment, and increasing divergence in firm sizes has been...

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Autores principales: Fleisher, Belton, Hu, Dinghuan, McGuire, William, Zhang, Xiaobo
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2009
Materias:
Acceso en línea:https://hdl.handle.net/10568/161974
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author Fleisher, Belton
Hu, Dinghuan
McGuire, William
Zhang, Xiaobo
author_browse Fleisher, Belton
Hu, Dinghuan
McGuire, William
Zhang, Xiaobo
author_facet Fleisher, Belton
Hu, Dinghuan
McGuire, William
Zhang, Xiaobo
author_sort Fleisher, Belton
collection Repository of Agricultural Research Outputs (CGSpace)
description We use two rounds of surveys, taken in 2000 and 2008 in the Zhili Township children’s garment cluster in Zhejiang Province, to examine in depth the evolution of this industrial cluster. Firm size has grown on average in terms of output and employment, and increasing divergence in firm sizes has been associated with a significant rise in specialization and outsourcing among firms in the cluster. Although the investment amount needed to start a business has more than tripled, this amount remains low enough that formal bank loans remain an insignificant source of finance. Because of low entry barriers, the number of firms in the cluster has risen, driving down profits and bidding up wages, particularly since the year 2000. Facing severe competition, more firms have begun to upgrade their product quality. By the year 2007, nearly half of the sampled firms had established registered trademarks and nearly 20 percent had become International Office of Standardization (ISO) certified.
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spelling CGSpace1619742025-11-06T05:34:43Z The evolution of an industrial cluster in China Fleisher, Belton Hu, Dinghuan McGuire, William Zhang, Xiaobo cluster sampling industrialization growth development policies We use two rounds of surveys, taken in 2000 and 2008 in the Zhili Township children’s garment cluster in Zhejiang Province, to examine in depth the evolution of this industrial cluster. Firm size has grown on average in terms of output and employment, and increasing divergence in firm sizes has been associated with a significant rise in specialization and outsourcing among firms in the cluster. Although the investment amount needed to start a business has more than tripled, this amount remains low enough that formal bank loans remain an insignificant source of finance. Because of low entry barriers, the number of firms in the cluster has risen, driving down profits and bidding up wages, particularly since the year 2000. Facing severe competition, more firms have begun to upgrade their product quality. By the year 2007, nearly half of the sampled firms had established registered trademarks and nearly 20 percent had become International Office of Standardization (ISO) certified. 2009 2024-11-21T10:00:02Z 2024-11-21T10:00:02Z Working Paper https://hdl.handle.net/10568/161974 en Open Access application/pdf International Food Policy Research Institute Fleisher, Belton; Hu, Dinghuan; McGuire, William; Zhang, Xiaobo. 2009. The evolution of an industrial cluster in China. IFPRI Discussion Paper 896. https://hdl.handle.net/10568/161974
spellingShingle cluster sampling
industrialization
growth
development policies
Fleisher, Belton
Hu, Dinghuan
McGuire, William
Zhang, Xiaobo
The evolution of an industrial cluster in China
title The evolution of an industrial cluster in China
title_full The evolution of an industrial cluster in China
title_fullStr The evolution of an industrial cluster in China
title_full_unstemmed The evolution of an industrial cluster in China
title_short The evolution of an industrial cluster in China
title_sort evolution of an industrial cluster in china
topic cluster sampling
industrialization
growth
development policies
url https://hdl.handle.net/10568/161974
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