The Research Of Competitive Industries And Capital Markets In Minority Regions

Because minority regions still practice the full catch-up strategy, the gap is stillhuge between the minority regions and the eastern regions and the trend is expanding,especially compared with the southeast coast regions. In this situation, China’s sustained,healthy and sound developments are restricted. Therefore, we must change thetraditional full catch-up strategy，starting from the actual situation of minority regions totake into account the minority development advantages; we must construct minorityregion’s competitive industries and tap the potential competitive industries to led thenation regional economic development and narrow the development gap with thedeveloped areas in China for achieving the goal of enriching province.But in most areas Location Quotient and other industry theories are used to selectthe region’s competitive industries. Therefore the competitive industries of variousregions are very similar. So that not only result in competition of industry and relatedproducts in various regions, but also led to the repeated construct and waste of theresources and lost the competitiveness of the competitive industries.Therefore, based on the resource endowment of the minority regions，taking intoaccount the qualitative analysis、total reserves analysis、share analysis、contrast analysisof financial condition and proportion analysis of industrial structure，we select thecompetitive industries as the focus part of minority regions ‘development to narrow thedevelopment gap in minority regions.The one hand, developing competitive industries of the minority regions is apositive measure to narrow the development gap between minority regions with otherregions.but on the other hand, during the commercial society, funds is the most obviousfactors of production in all economic activity. If we leave the capital investment, theformation and development of the industry are difficult to comply, especially for theformation and development about the competitive industries of the minority regions.Minority regions have the advantage of the resources endowment, but thetransformation between advantages of resources with the formation of the competitiveindustries and the competitive advantage are inseparable from capital investments.Moreover the construction of infrastructure in minority regions is seriously laggingbehind the other areas, we need a lot of money for the construction of infrastructure. Sothe supply of funds can not keep up the demand of capital. Capital is the most important elements and the scarcest element among the land, natural resources, human andfinancial resources, and it is the "bottleneck" restricting the economic development ofminority regions. Therefore, in the process of formation and development ofcompetitive industries, we must promote capital markets from multifaceted andmulti-angle.Based on the home and abroad related literature, we use empirical analysis,descriptive statistics and comparative analysis of research methods, to select the fourdominant industries and propose development specific measures of competitiveindustries in the minority areas for minority regional particularities. By analysis thecontradiction between the huge capital requirements with the insufficient supply ofcapital market funds for the development of competitive industries in the minorityregions, we propose the recommendation about the development of the capital marketsin minority regions. The body of the paper is divided into three parts and sevenchapters.On the basis of relevant research, the first part has analyzed the topics reason, thetopic significance, domestic and international literature review, research methods.In the second part, on the basis of the statistical analysis of data, we study thedevelopment gap in minority regions. And then based on the limited resourceconstraints, we introduce the development mode of the imbalances and competitiveindustries.Finally based on the perspective of resource endowment advantage, we selectfour dominant industries such as energy, mining, agriculture and tourism in minorityregions.In the third part, on the basis of analysis of the joint development betweencompetitive industries and capital markets in minority regions, we introduce the mostfundamental factor inputs-capital for the development of competitive industries inminority regions. Followed we analyze the contradiction between the huge capitalrequirements with the insufficient supply of capital market funds for the development ofcompetitive industries in the minority regions.Finally, we propose three specific measures to cultivate competitiveness ofcompetitive industries, foster the enterprise of minority competitive industries to appearon the domestically market and improve the capital markets in minority regions.