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Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries

Elena G. Popkova (Volgograd State Technical University, Volgograd, Russia)

Journal of Entrepreneurship in Emerging Economies

ISSN: 2053-4604

Article publication date: 6 March 2017

298

Abstract

Purpose

This paper aims to solve the problem of reduction of disproportions of the global economy and overcoming the underrun of Asian countries from Europe. The author offers a hypothesis that the reason of such underrun is the existence of “underdevelopment whirlpools” in Asian countries. The purpose of this paper is to verify this hypothesis and to determine problems and perspectives of economic growth in Asian countries.

Design/methodology/approach

As tools for verification of this hypothesis, the author uses the methodology of analysis of “underdevelopment whirlpools”, aimed at the determination of problems and perspectives of economic growth in countries of Asia; methodology of strengths, weaknesses, opportunities, threats (SWOT) analysis for determination of key factors of economic growth in countries of Asia; instrumentarium of theory of games for the evaluation of effectiveness of the use of various strategies of economic development of Asian countries.

Findings

As a result of the research, the author proves the offered hypothesis and offers – as a solution to the problem of the existence of “underdevelopment whirlpools” in Asian countries – the use of new models of economic development in view of specifics of Asian countries, aimed at transition to new quality of economic growth.

Research limitations/implications

A certain limitation of the conducted research is primarily theoretical substantiation of the necessity for overcoming the “underdevelopment whirlpools” in Asian countries and framework character of the offered recommendations. Therefore, during further research in this sphere, it is expedient to focus the efforts on the development of the system of practical measures for achievement of this purpose.

Practical implications

Practical significance of the author’s conclusions and recommendations consists in the possibility for their use during the development of state economic policy in Asian countries in the interests of overcoming the “underdevelopment whirlpools” and transition to the new quality of economic growth.

Originality/value

At the time of preparation of this paper, the concept “underdevelopment whirlpool” is rather new, and application of methodology of their calculation by the example of Asian countries in the context of analysis of problems and perspectives of economic grows constitutes the basis for originality, scientific value and novelty of the performed research.

Keywords

Acknowledgements

Presented at the international scientific and practical conference “Role of integration and clustering in provision of sustainable economic growth”, March 17-19, 2016, Volgograd.

Citation

Popkova, E.G. (2017), "Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries", Journal of Entrepreneurship in Emerging Economies, Vol. 9 No. 1, pp. 97-107. https://doi.org/10.1108/JEEE-07-2016-0027

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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