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From Backwater to Megacity: The Shenzhen Miracle and Its Ambitions
Abstract
Shenzhen's emergence as one of China's first SEZ has come to serve broader socio-economic implications. The successful transition to a socialist market economy under Deng Xiaoping has since then seen the SEZ operating at a global scale in which other regions would later come to emulate. Through this zone, the development of this space for large-scale commercial and industrial activity would come to envelop an expansive influence capable of shaking up the global political economy. As the country modernized at an unprecedented rate, Shenzhen entered the stage of the technologically-focused. Facing pressure to conform to global standards, the city's current position as a hub for emerging innovations would face intense scrutiny as the country battles to uphold its responsibilities as a global power. Here, the authors discuss how the development of Shenzhen's SEZ from its initial inception has contributed towards in reforming and setting a successful model of standards for other regions. They delve into the SEZ has contributed in reducing pressing social disparities within the country.
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