Shifting the focus of world industrial development from European countries and North America to Asia
Industry is the basis of economic development, therefore, studying the real sector allow us to assess the physical scale of the economy of individual countries and the world as a whole. The industrial production structural distribution by countries and macro-regions reflects the real balance of powe...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-02-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4940 |
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| author | A. V. Ivanchenko |
| author_facet | A. V. Ivanchenko |
| author_sort | A. V. Ivanchenko |
| collection | DOAJ |
| description | Industry is the basis of economic development, therefore, studying the real sector allow us to assess the physical scale of the economy of individual countries and the world as a whole. The industrial production structural distribution by countries and macro-regions reflects the real balance of power in the global arena. Retrospective analysis allows us to see this process in dynamics, which contributes to the correct construction of models of further international cooperation, foreign trade and infrastructural development in this direction. The purpose of the study is to assess the dynamics of the industrial production shift from West to East in recent decades. The tabular, graphical and descriptive methods were used, and it allowed us to visualize the indicators retrospective analysis results. In the course of the work it has been proved that by now there is parity in the level of industrial production between the countries of the collective West and East. It makes it possible to change the term “developed countries” meaning and extend it not only to European and North American countries, but also to a number of Asian and Latin American countries due to the ever-growing importance of these countries’ industry on a global scale. |
| format | Article |
| id | doaj-art-144dd7468217444cbe98f37eb4ea6404 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-02-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-144dd7468217444cbe98f37eb4ea64042025-02-04T08:28:19ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-02-0101213214110.26425/1816-4277-2023-12-132-1412979Shifting the focus of world industrial development from European countries and North America to AsiaA. V. Ivanchenko0Federal Methodological Center for Financial Literacy of the General and Secondary Vocational Education System of the Higher School of EconomicsIndustry is the basis of economic development, therefore, studying the real sector allow us to assess the physical scale of the economy of individual countries and the world as a whole. The industrial production structural distribution by countries and macro-regions reflects the real balance of power in the global arena. Retrospective analysis allows us to see this process in dynamics, which contributes to the correct construction of models of further international cooperation, foreign trade and infrastructural development in this direction. The purpose of the study is to assess the dynamics of the industrial production shift from West to East in recent decades. The tabular, graphical and descriptive methods were used, and it allowed us to visualize the indicators retrospective analysis results. In the course of the work it has been proved that by now there is parity in the level of industrial production between the countries of the collective West and East. It makes it possible to change the term “developed countries” meaning and extend it not only to European and North American countries, but also to a number of Asian and Latin American countries due to the ever-growing importance of these countries’ industry on a global scale.https://vestnik.guu.ru/jour/article/view/4940asiatime seriesdynamicsinterna tional comparisonsdevelopment prospectsindustryretrospective analysisstructure |
| spellingShingle | A. V. Ivanchenko Shifting the focus of world industrial development from European countries and North America to Asia Вестник университета asia time series dynamics interna tional comparisons development prospects industry retrospective analysis structure |
| title | Shifting the focus of world industrial development from European countries and North America to Asia |
| title_full | Shifting the focus of world industrial development from European countries and North America to Asia |
| title_fullStr | Shifting the focus of world industrial development from European countries and North America to Asia |
| title_full_unstemmed | Shifting the focus of world industrial development from European countries and North America to Asia |
| title_short | Shifting the focus of world industrial development from European countries and North America to Asia |
| title_sort | shifting the focus of world industrial development from european countries and north america to asia |
| topic | asia time series dynamics interna tional comparisons development prospects industry retrospective analysis structure |
| url | https://vestnik.guu.ru/jour/article/view/4940 |
| work_keys_str_mv | AT avivanchenko shiftingthefocusofworldindustrialdevelopmentfromeuropeancountriesandnorthamericatoasia |