Abstract: 2020 is the key year for China to build a well-off society in an all-round way. Leapfrog development has become a hot issue in the field of domestic strategic planning and economic research. Leapfrog development is the process of backward areas catching up with and surpassing the advanced ones. Either we can learn from the experience of advanced areas to catch up with them, or we can follow suit in the space squeezed by the developed areas, and so the developing area faces the development paradox. From the development situation at home and abroad, taking the leap forward development of Guizhou Province as an example, through the inducive institutions, we not only follow the market law, cultivate the market, but also give full play to the superiority of the socialist system. Through a series of measures to induce the market, society and people to actively participate in economic development, the leapfrog development has been realized and the unique way of leapfrog development in Guizhou Province has been possessed.

Key words: leap forward development, underdeveloped areas, Guizhou experience, inducive institution