Study On The Function Of Local Government In Attracting Investment

Since the reform and opening up,attracting investment has become the main means for our government to promote local economic and social development.It has become a common phenomenon that the government leads the local investment attraction work.However,with the continuous deepening and improvement of China’s market economic system,the economic structure is facing major adjustment,and the government led investment attraction model shows some disadvantages.For the purpose of political achievements,local governments sacrifice energy,environment and other advantageous resources,formulate various huge preferential policies to attract enterprise investment,and even hesitate to compete maliciously with other regions,resulting in the continuous emergence of short policies,resource waste,land transfer,government and business corruption,etc.These problems not only affect the effect of local investment attraction,It is also not conducive to the sustained and healthy development of the local economy.In recent years,the central and local governments have successively issued policy documents such as optimizing the business environment,strictly controlling the ecological red line,standardizing tax incentives and stopping the issuance of investment promotion assessment bonuses,which further standardized the government’s investment promotion behavior.It can be seen that the traditional government led investment attraction has been unable to adapt to the rapid development of the society.In-depth exploration of the positioning of the modern government’s investment attraction function and the optimization of the government’s investment promotion function are the inevitable requirements for better performing the government’s investment promotion function and promoting high-quality economic and social development.This paper takes the function of Dongtai municipal government in the work of attracting investment as the research object.The first part describes the research background and importance,makes a corresponding literature review on the research on the function of attracting investment by the government at home and abroad,and introduces the research methods,research content and the innovation of the paper.The second part describes the basic concepts of attracting investment and government functions,and introduces the theory of service-oriented government and human capital theory used in this research.The third part summarizes the full-time institutions and functions of local governments to undertake investment promotion,and introduces the performance of investment promotion functions of Dongtai municipal government.The fourth part is based on the implementation status of Dongtai Municipal Government’s investment promotion and the interview results,and analyzes the problems existing in the performance of the local government’s investment promotion function,including the insufficient effectiveness of investment promotion activities,the shortcomings of business services,and the lack of level of attraction projects.In terms of low level and lack of scientific and technological talent resources,it is further analyzed that the government has a low degree of specialization in investment promotion,deviations in the performance of public service functions,defects in the investment promotion assessment system,and lack of scientific and technological talent training mechanisms in the process of performing its duties.The fifth part draws lessons from the advanced measures of overseas Singapore,Osaka,Chinese Hong Kong and other places in the process of attracting investment,and summarizes some advanced experience of attracting investment in economically developed areas,so as to provide ideas for local governments in China.The sixth part combines the analysis conclusion of Dongtai municipal government’s investment promotion performance and the experience summary of overseas governments’ investment promotion performance,and puts forward some measures to optimize the investment promotion functions of local governments,such as carrying out professional investment promotion activities,building a service-oriented government system,giving full play to the guiding role of investment promotion assessment,and cultivating scientific and technological talent resources,In order to provide some references for China’s local governments to improve the level of investment attraction ability.