Abstract: the quality of urbanization has already been a key issue during the process of urbanization. The comparison between the stability and sustainability of national economy and industry sector under the exogenous shock caused by international financial crisis tells us the difference between urbanization by exogenous industrialization and endogenous industrialization. The former paradigm is venerable to those shocks while the latter one is robust to outside crisis which is critical to the quality of urbanization. Moreover, the case study of Hougang revealed that the endogenous industrialization should be built on the factor endowment structure, exploit the merits of comparative advantage and human capital in local town fostered by the government policies.
Jianghan Tribune, No.7, 2015. (CSSCI, in Chinese)