The Revitalization of Northeast China Economy Must Start with Institutional Innovations

Starting with the basic knowledge of the system, the researcher analyzes the significance of institutional innovation in revitalizing old industrial bases in Northeast of China. It is not difficult to discover that Northeast's backwardness is caused by both of the historical and the artificial reasons. What's more, owing to the establishment of market economy, the old system no longer satisfies the development of the new system. Therefore, in order to speed up the Northeast region's economy and make it truly become the fourth growth pole, we must accelerate the innovation system.