Stagflation was a state of economic development in 1970s. Because of the Middle East oil crisis, the disintegration of the Bretton Woods system, the competition between Western Europe and Japan, the economic development of the United States slowed down or even stagnated. The U.S. government has reversed the economic downturn by reducing the tax rate, government financial expenditure and government intervention in enterprises, and actively developing high-tech industries represented by the information industry. Therefore, the author thinks it is necessary for Jiangxi economy to get out of the current stagflation state, realize a new round of leap-forward development of Jiangxi economy and adjust its development strategy in time.
Adjusting the economic development strategy in time is the experience of sustained and rapid economic development in some countries and regions. Take Singapore as an example. In the 1960s, the Singapore government began to transform industrial facilities, vigorously attract foreign investment, develop labor-intensive industries, increase domestic products and reduce imports. In the 1970s, after a certain economic development, China began to vigorously develop export industries, actively participate in international market competition, and promote economic take-off. During this period, in order to adapt to the situation of high-tech development in the world, we began to upgrade industrial technology and establish emerging industries with high technology, high capital and high added value. In the 1990s, beautifying the environment, creating a garden city and developing tourism were placed in an important position. It is by formulating a development strategy suitable for China's national conditions and making timely adjustments according to the changes in the international situation that Singapore's economic development can keep up with the world trend and become an industrial country with developed industry, prosperous trade and beautiful environment.
Adjusting the economic development strategy is the realistic requirement of Jiangxi's economic development. A few years ago, Jiangxi put forward strategies such as building "three bases, a back garden", "connecting Changsha, Zhuhai and Fujian, integrating into globalization" and "focusing on development, focusing on industrialization", which effectively promoted the transformation of economic growth mode, achieved remarkable results in opening up, initially formed an all-round, multi-level and multi-form opening-up pattern, and realized the leap-forward development of Jiangxi's economy. Jiangxi's economy has a foundation and reached a higher level. The rise of central China has achieved initial results, and the gap with developed coastal areas is narrowing. This requires Jiangxi to seize the opportunity, look at the world and stare at the coast. From following the coast, learning to do along the coast, to competing with the coast, and finally keeping pace with the coast. On the contrary, if we are still following the trend and are only satisfied with copying and cloning, we can only follow others forever. As a result, the gap has not narrowed, but widened.
Adjusting the economic development strategy in time is the objective requirement of the surrounding environment for Jiangxi's economic development. At present, China's economic development is in full swing, and the competition is becoming more and more fierce. Jiangxi's current development strategy has been severely challenged: first, with the implementation of the national strategy of developing the western region, the policy support for the western provinces has increased, and the investment attraction of the western provinces has increased, and its preferential policies have formed a strong competitive situation for the investment attraction of the central provinces; Second, the economic development in some areas of western provinces is lagging behind, which belongs to the virgin land of post-development. Rich labor and natural resources, low production cost and competitive products. It is not only attractive to some industries in the coastal areas that need to be transferred urgently, but also attractive to some developed enterprises in the central region. Third, with the support of national policies, the speed of infrastructure construction in the west is accelerating, and traffic as a factor restricting its economic development is weakening, so the location advantage of Jiangxi as a coastal back garden is also weakening. Therefore, timely adjustment of Jiangxi's economic development strategy is the requirement of the surrounding development environment for Jiangxi's economic development.
Adjusting the economic development strategy in a timely manner is not to completely deny it, but to continue to carry forward the scientific enterprises, products, experiences and economic growth models that have maintained good development momentum in the past economic development. Adjustment is innovation, adapting to the development of productive forces with new development strategies and injecting new vitality into economic development. Establish new ideas and find new ways out. Realize a new leap in Jiangxi economy.