Since the reform and opening-up in the late 1970s, Wenzhou City of China's Zhejiang Province has witnessed large-scale institutional change and rapid economic development. This book studies the institutional change and economic development in Wenzhou since China's reform and opening-up. It concludes that the most important characteristic of Wenzhou model is that the city is the first to promote industrialization and urbanization by privatization and marketization in Zhejiang. As privatization and marketization reflect reform, and industrialization and urbanization represent development, Wenzhou model promotes development through economic reform. In the early years of the reform and opening-up, the people of Wenzhou boldly faced the constraints of traditional planned economy, bravely explored the market-oriented reform and opened up a new path to regional economic development. This book also contains the stories of the people of Wenzhou.

�ber die Autorin bzw. den Autor

SHI Jinchuan is a professor and doctoral supervisor of School of Economics, Zhejiang University, and a member of the Academic Degree Committee of Zhejiang University. His research focuses on modern Western economics, macroeconomic theory and policy, regional economic development strategy, and law and economics theory.

JIN Xiangrong is a professor and PhD doctoral supervisor of School of Economics, Zhejiang University. He formerly served as executive vice president of School of Economics, Zhejiang University, and president of Zhejiang Economics Association. His research focuses on the history of economic thought, industrial economics, international trade, and neo-institutional economics.

ZHAO Wei is a professor and PhD doctoral supervisor of School of Economics, Zhejiang University, director of the Institute of International Economics, Zhejiang University. His research focuses on international economics, space economics, and foreign economic history.

LUO Weidong is a professor and PhD doctoral supervisor of School of Economics, Zhejiang University, vice president of Zhejiang University. His research focuses on history of economic thought, economic history, and development economics.

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