Research on Urban Division of Guangdong-Hong Kong-Macao Greater Bay Area Based On Global Innovation Chain

jun X L, Yingxia L, Rui D, Zhiyuan L, Mingzheng J and Wenjing Z

Published on: 2019-08-05

Abstract

For more than 40 years of reform and opening up, innovation has driven China's economy to grow steadily. However, in recent years, due to the overcapacity in some industries and the rising factor costs, the comparative advantages of the value chain that relied on exports and low production factors has been rapidly reduced. To become an International first-class bay area, Guangdong-Hong Kong-Macao Greater Bay Areas supposed to take the initiative to embed GIC into GVC and to promote industrial upgrading with innovative development. The main purpose of this paper is to study how Guangdong-Hong Kong-Macao Greater Bay Area integrates innovation elements through urban division of labor. This paper will focus on the advantages of the three core cities-Guangzhou, Shenzhen and Hong Kong, how to take advantage of the three cities to promote the coordinated innovation of surrounding cities. Adopting the location quotient, this paper analyzed the industrial distribution of the Greater Bay Area in all aspects of the innovation chain, and defined the problems and causes of industrial division of the Greater Bay Area. And then, by fully considering the geospatial and resource elements of 11 cities in the Greater Bay Area, and learning from the successful experience of the International first-class bay areas, we will optimize the allocation of the innovation elements, and promote the industrial upgrading and the industry's position in Global Value Chain with Global innovation chain.