Research On Transition Of Specialized Markets In Zhejiang

The specialized market is one of the influential institution innovations. Thisthesis analyzes the development and transition of specialized markets inZhejiang Province, on the basis of the condition and institutional transitionmechanism.During the analysis of specialized markets' transition, we emphasize theeffect of labor-division,transaction cost and the government behavior to thespecialized markets. This thesis reveals that the labor-division of" produce-sale"is very important to the specialized market. The depth of labor-division causedby the productive forces progress, reduces the compatibility of specializedmarket, finally urged the specialized market to transit. With refer to theexpansion of transaction cost connotation; the specialized marker urgently needsto adapt the market exterior changes by the transition. Furthermore, the interiordivision of labor refinement in the specialized market will induce the rising oftransaction cost, which descends the efficiency of specialized market. Because of the special system background, the government in solving the market failure(including asymmetric information; externality) plays the indispensable role tospecialized market.Because the transition of specialized markets is a complex process of socialchoice, this thesis explains the process of specialized market's transition deeply,through compared research between Yiwu and Liushi specialized marketdevelopment path.When we inspect the difference between Yiwu and Liushi's specializedmarket development path choice emphatically, it is think that the primaryreasons about the difference following several points: Firstly, the productdifference between the two places. Yiwu's main product is the smallcommodities, the main product in Liu Shi is the electric appliance, and thedifferent product choice may lead to the different division of labor. Because thelabor-division depth degree of the small commodity is inferior to the electricappliance, which causes the scale of enterprise and the productive forcesprogress in Yiwu is inferior to Liushi, thus the compatibility of specializedmarket in Yiwu market is better than LiuShi's. Secondly, the difference of theenterprise scale and vertical integration will also lead the specialized market tothe different development route.In addition, government's policy guidances and the folk merchantcommunity's different characteristics have also affected the tendency of the twoplaces'specialized market.