RESEARCH ON THE PROMOTION OF REGIONAL ECONOMIC COOPERATION AND COMPETITIVENESS OF GUANGDONG PROVINCE AND HAINAN PROVINCE IN CHINA

Under the background of economic globalization, regional cooperation has become the core of regional economic integration. Through the cross-regional flow of labor, capital, information and technology, the cooperative parties realize the increase of welfare in the optimal allocation of resources. After the specific comparison of the economic development models and paths of the Shenzhen Special Economic Zone in Guangdong province and Hainan Special Economic Zone in Hainan province, it is found that there are great differences between them in the direction of development, the orientation of export-oriented economy and the orientation of industrial structure. This paper proposes to strengthen regional cooperation between Hainan Province and Guangdong Province. To actively change the mode of economic development and achieve the promotion of Guangdong Province and Hainan Province’s economic competitive strength by taking the technology innovation and the implementation of the talent strategy as the core, highlighting the complementary characteristic industrial clusters as the characteristic, perfecting the mechanism of cooperation between the two provinces as the means and the integrative development as the goal.