The Evolution And Performance Of Of .1978-2008 Yunnan Province, Local Economic Policy Analysis

Regional economic policy is the important tool to explain and address the issue of regional development. Regional economic policy is available to examine two levels'policies which are national regional policy and local economic policy, the direct effect of the national regional policy is to narrow the regional disparities and develop the regional economy, local economic policy is directly on local economic development. This article put the local economic policy as a starting point to explore the evolution of local economic policy in Yunnan Province, and its role in local economic development.This paper uses the research methods of literature research and the combination of quantitative analysis and qualitative analysis, selects financial policy, investment policy and industrial policy of local economic policy in Yunnan to analyze. The evolution of financial, investment and industrial policy in Yunnan from 1978 to 2008 were to be divided into several major phases, each phase has its own characteristics. Through analyzing the performance analysis of financial, investment and industrial policy in Yunnan and three decades'local economic development in Yunnan since the reform and opening up, and the gap between Yunnan economy and the national economic, the paper concludes that the impact of the local economic policy on the local economic development in Yunnan from 1978 to 2008 has "double effect", both positive and negative effects. Positive impact: total economy has greatly increased, and comprehensive economic strength has markedly increased; total fiscal income has rapidly increased, and financial expenditure structure continuous optimization; the investment has greatly increased, infrastructure has a significant improvement; three industries have a full development, the economic structure has constantly been adjusted and optimized, and so on. Negative impact: the gap between the local economy and the national economy is growing; the difference between revenue and expenditure has increased year by year, expenditure has been facing a continued expansion pressure, and the imbalance in regional distribution of financial resources has increased; the pulling effect of investment on the local economic growth is not significant, and the investment efficiency is low; industry structure is not fully rational, and the competitiveness of a pillar industry group has gradually weakened, and so on. The paper puts forward some measures and recommendations for the future adjustment direction of the local economic policy against the negative impact of the local economic policy on the local economic development in Yunnan. On financial policy, the paper think that it should be transform the government functions, and establish the institutional framework for public finance, improve the efficiency in the use of financial funds; on investment policy, the paper think that it should be realize the diversification of investment, reason the investment structure, optimize the investment environment, and improve the investment efficiency; on industrial policy, the paper think that it should be continue to adjust and optimize the industrial structure, actively attract personnel to service the pillar industries, nurture the new pillar industries, realize the sustainable development of resources, and change the economic growth pattern., and so on.