Transnational Cluster Initiatives in Business as a Top-Priority Direction of Maximization of Economic Growth in Asian Co
Research Objectives: The purpose of the article is to determine perspectives of maximization of economic growth in Asian countries. The hypothesis of the research consists in supposition that transnational cluster initiatives are a top-priority direction
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Abstract Research Objectives: The purpose of the article is to determine perspectives of maximization of economic growth in Asian countries. The hypothesis of the research consists in supposition that transnational cluster initiatives are a top-priority direction of maximization of economic growth in Asian countries. Methodologies: Methodology of the research includes the method of problem and systemic analysis and the method of economic modeling and forecasting. Preliminary Findings: The key conclusion of the research is substantiation of the offered hypothesis and of the fact that transnational cluster initiatives in business are a top-priority direction of maximization of economic growth in Asian countries. Potential Contributions to the Literature: The value of the performed research for science and practice consists in a possibility for using the authors’ recommendations for realization and development of transnational cluster initiatives in business of Asian countries for maximization of their economic growth.
I.A. Morozova (*) International Economics and Economic Theory, Volgograd State Technical University, 28 Lenina St., Volgograd, Russia e-mail: [email protected] T.N. Litvinova International Economics and Economic Theory, Volgograd State Technical University, 28 Lenina St., Volgograd, Russia Volgograd State Agrarian University, Volgograd, Russia e-mail: [email protected] A.V. Sycheva International Economics and Economic Theory, Volgograd State Technical University, 28 Lenina St., Volgograd, Russia Volzhsky Polytechnic Institute (branch of VolSTU), Volgograd, Russia e-mail: [email protected] © Springer International Publishing AG 2017 E.G. Popkova et al. (eds.), Integration and Clustering for Sustainable Economic Growth, Contributions to Economics, DOI 10.1007/978-3-319-45462-7_13
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1 Introduction Maximization of rates of economic growth is the most important goal of modern economic systems. Against the background of the global economic recession, Asian countries have been demonstrating the decline of economic development. This has been caused by violation of economic ties under the conditions of the global economic crisis, reduction of effective demand due to reduction of total global income of population, and general geopolitical tension in the world. Over the recent decade, leading countries of Asia, such as China and Japan, have been demonstrating high rates of economic growth, being locomotives of the global economic development. It should be noted that Asian countries are countries of deployment of many transnational corporations which compete with the most successful European and American companies. An example of this is success of Samsung which has won market positions from Apple, etc. Based on that, it is possible to expect in the mid-term the continuation of division of the global markets which are characterized by traditional domination of European and American companies, to the favor of Asian companies. This may lead not only to change of growth vectors of t
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