Public Investment In The New Push Of West Development DriveSpecialized Subject Of Political Economy

This text is based on the definition of the public investment in West Development Drive (WDD), the summarization and evaluation of the theories of the public investment in regional development; the comparative analysis of the development process of public investment in China and different countries and regions implemented different policies in their practice. Combining the reality of the public investment in WDD, adopting the method with combing standard and concrete, investigating the strategic significance for continuing to promote the public investment in WDD, and this text also investigates the public investment in the construction of infrastructure, the growth of special economic, sci-tech and education. From a micro point of view, it analyzes the other related issues of the public investment in WDD.First, this text reviews the process and tremendous act of WDD, analyzes the result and tendency, then expounds the significant function that the public investment in WDD, which embodies on the development in society and economy. It considers that the public investment and the growth of economy has a relation of mutually restriction and promotion, and the public investment contains the important policy connotation as well as the economic growth of the west regions. We can be assured that government participation in WDD by way of public investment should never be underestimated as it can exert enormous impact on the continuous high-speed growth of the west. Public investment has the power to ameliorate regional economic structure and spatial structure, provide resource for steady income increase of the poor so as to relieve poverty, to support westerners in theirefforts to upgrade their living standards and working conditions, and to offer them facilities and environment similar to the relatively developed regions by means of equitable supply of public products and services, thus creating an equal environment for the west in market competition, decreasing the development discrepancies between the east and the west and improving on the social equality status of the whole country. From that point of view, the needs of constant new push of the WDD must taken into account and public investments readjusted in investment priority lining-up, main investor selecting and capital input resource to safeguard the effects of the WDD public investments.Next, the crucial role of infrastructure in regional economic and social development has determined the fundamental significance of infrastructure construction in the WDD, and the author consider that the enhancement of infrastructure is the groundwork of economic development in West China, i.e. the formulation of regional development advantages, the encouragement of healthy urbanization process, etc. WDD infrastructure construction has strong regional features and requires an overall command of its present status, investment resources, future focuses and investment expectations. Practical researches on the two key tasks, transportation, and ecological layout, are also necessary. All those preset the efficiency of WDD public investments in infrastructure, the direction of its flow and the modules of its capital-raising operations, henceforth establishing a long-term mechanism of infrastructure public investment in the western region.In the new background of western development, the achievement of frog-leap breakthroughs depends on the booming of special economic industries. Commitment to that will contribute to the consolidation of local advantages from effective utilization of resources, to the industrial structure amelioration of the western region, to the well-off advancement of the rural areas and to the mobilizing of competition capabilities of the western region as a whole. Public investment will remove the bottleneck of capital shortage in the commitment, fueling the growth of special economic industries and accelerating the general development of special western economy. Selection of public investment strategy is put forth on the basis of analyzing the geographical advantages, resources supply and present conditions of the west in developing special economies. Growth pole and core-margin theories, onthe other hand, supports the strategic public investment selection in improving supply systems for regional centre rebuilding and coordinated urban-rural development in key western economic belts.Development in education, science and technology is another important constituent of the WDD and investment in this will evidently empower economic growth and social development of the west region. Considering the fact that market mechanism is still unsound, the future of education and innovations can never depend solely on market forces in order to prevent from the possible loss of balance in regional distribution of sci-tech resources and the conventional low. Commitment of the government as the major investor is of great necessity of the WDD. Recognizing the importance of education, sci-tech development in the WDD, this dissertation analyzes, at great length, the present momentum and future developing tendency of sci-tech research and sci-tech public financing and draws a map of policy arrangement for the development of education, science and technology in the western region.The effective functioning of public financing is to convert the government policy targets into actual outcome. That requires great efforts in public financing management with policy design and implementation at the core. Similar with investment in general, WDD public financing faces the same issue of investment returns. In the meanwhile, WDD public financing must be assessed by the achievement of WDD strategic targets around which a system of public financing revenue assessment is formulated in consideration of the specific contents and characteristics of the WDD. Aiming at exploring the effects of WDD public financing to the extremity, public financing risks must be strictly manipulated. With the recognition of the significant importance of public financing supervision, the main public financing supervising body has to be determined and a risk control system of the WDD public financing established...