Earticle

초록

영어

Grounded in a “market–government–society” triadic framework, this study distills the core components of the entrepreneurial spirit embedded in the WENZHOU Model (温州模式) across four stages—incubation, formation, transformation, and upgrading—and, using the YUEQING Electrical Equipment Industrial Cluster as a case, elucidates the mechanism pathway linking quality, standards, branding, and policy. Our findings indicate that, under the joint influence of market competition and social capital, Wenzhou's entrepreneurial spirit underwent a gradual reconfiguration from opportunity orientation and risk bearing to norm acceptance and long-termism; critical events—such as quality rectification and the “Quality-based City” policy —catalyzed an institutional shift in governance and a functional leap of industry associations, which, through standardization and branding, further embedded norms into firms’ internal order, thereby updating the development trajectory from extensive expansion to high-quality growth. On this basis, we argue that, conditional on the coordination of an “effective market and committed/proactive government”, association-based governance, differentiated taxation, and calibrated competition intensity can jointly foster innovation and sustainable upgrading in private manufacturing clusters.

목차

Abstract
Ⅰ. Introduction
Ⅱ. Evolution of the Wenzhou Model and the Transformation of Entrepreneurship
Ⅲ. Endogenizing Standards and Brands in Yueqing's Electrical Cluster
Ⅳ. Conclusion and Implications
References

키워드

저자

• Oh Daewon [ Professor of Kangnam University/PARTNER of VAD FINT PARTNERS CO, LTD ] First author
• Song Jian [ Doctor of International Economics of Kangnam University(candidate) ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380