Title: Problem analysis of 'underdevelopment whirlpools' as an obstacle for economic growth in Asian countries

Authors: Elena Popkova

Addresses: Volgograd State Technical University, Prospect Lenina st., 28, Russian Federation, 400005, Volgograd, Russia

Abstract: The purpose of the article is to analyse disproportions of economic growth in Asian countries with the help of methodology of 'underdevelopment whirlpools'. The author analyses the depth and speed of sucking of economies of various Asian countries into 'underdevelopment whirlpools', performs problem analysis of this process, and determines consequences of appearance of 'underdevelopment whirlpools' in Asian countries and perspectives of overcoming them. For the purpose of the research, the author uses proprietary methodology of analysis of 'underdevelopment whirlpools'. As a result of the research, the author comes to the conclusion that Asian countries are peculiar for appearance of 'underdevelopment whirlpools' which hinder their economic growth. The author builds a cluster model of overcoming 'underdevelopment whirlpools' in Asian countries and quickening the rates of economic growth. The performed research contributes into development of the concept of economic growth, which determines its high theoretical value. Practical value of the research consists in a possibility of using the author's conclusions and recommendations during development of state economic policy of Asian countries for overcoming the determined 'underdevelopment whirlpools' and maximisation of rates of economic growth.

Keywords: 'underdevelopment whirlpools'; economic growth; clustering of economy; Asian countries.

DOI: 10.1504/IJBG.2017.085923

International Journal of Business and Globalisation, 2017 Vol.19 No.2, pp.167 - 174

Received: 05 Apr 2016
Accepted: 12 May 2016

Published online: 14 Jul 2017 *

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