ДИНАМІКА ТА ЗАКОНОМІРНОСТІ ЕКОНОМІЧНОГО РИВКА В КРАЇНАХ АЗІЙСЬКОГО РЕГІОНУ

Abstract

The article is devoted to the study consists in analyzing the dynamics and patterns of economic growth in Germany and the countries of the Asian region. The statistical analysis of economic performance, historical analysis, generalization, comparison, analysis and synthesis, economic and mathematical modeling methods are used in the study. The dynamics and patterns of growth of China and the “Asian Tigers” of the first generation are analyzed in the article. A comparison of the features of the economic "leap" in Asian countries (China, Singapore, Hong Kong, the Republic of Korea and Taiwan) was done. For each country studied, the existing preconditions are listed and the incentives for intensifying the economic "leap" are named. It is emphasized that Taiwan, Singapore and the Republic of Korea are united by another feature: their rapid economic development took place under the strict leadership of the authorities, i.e. with the use of an authoritarian regime. The rapid economic development of the countries studied is due to the flexibility of state policy on economic restructuring, the development of foreign trade based on export-oriented economies, as well as the creation of a favorable climate for foreign investment. In order to identify the key factors that contributed to the economic growth of these countries, a correlation-regression analysis of the dependence of gross domestic product as the main indicator of economic growth on a number of macroeconomic indicators. Four countries are selected for analysis: China, Singapore, Hong Kong and South Korea in the period of 1960–2020-s. In general it is established, the rapid economic development of Asian countries is associated with on the combination of state regulation and market mechanism, particularly with the flexibility of government policy on restructuring the economy on a high-tech basis, export orientation, creating a favorable climate for foreign investment and financial sector development, as well as the formation of sufficient savings proper rights, institutional environment are transformed into investment, contributing to further economic growth.