Abstract
This study examines economic tertiarization and urban reformation in Guangzhou, one of the most rapidly changing Chinese metropolises, as a path-dependent process blending the city's distinct mercantile tradition with the operation of new market forces and globalization. More specifically, it investigates how interaction of the socialist legacy of industrialization with the new forces of marketization and globalization has given rise to a peculiar pattern of simultaneous industrialization and tertiarization differing from the Western norm of linear progression. The author argues that the emergence of the tertiary sector as a main source of employment and a powerful engine for reorganizing urban land use and transforming the urban economic landscape raises new theoretical questions requiring a conceptual departure from the previous industrial-deterministic paradigm of socialist urbanization. Journal of Economic Literature, Classification Numbers: L80, O18, R11. 5 figures, 8 tables, 88 references.
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