Open AccessECONOMIC GROWTH THROUGH EXPORT DIVERSIFICATION: DATA FROM THE FOUR ASIAN TIGERS AND CENTRAL & EASTERN EUROPEAN COUNTRIES
Author(s) -
Yevhen Ivanov
Publication year - 2021
Publication title -
vìsnik odesʹkogo nacìonalʹnogo unìversitetu. ekonomìka
Language(s) - English
Resource type - Journals
eISSN - 2664-696X
pISSN - 2304-0920
DOI - 10.32782/2304-0920/5-90-1
Subject(s) - diversification (marketing strategy) , industrialisation , prosperity , economic integration , international trade , economics , commodity , regional integration , international economics , business , economic geography , economic growth , market economy , marketing
The article considers two approaches to achieving rapid economic growth through diversification of national production and commodity exports: export-oriented industrialization and integration into global value chains. The first approach is analyzed on the basis of the development experience of South Korea and Taiwan in the 1970s-1990s. The second approach is examined on the example of the European integration of Poland and the Czech Republic in the 1990s and the first half of the 2000s. Key differences between the two approaches in terms of economic policies, critical growth drivers, and outcomes are identified. The role of the state in ensuring economic diversification and exports is considered. The effectiveness of export-oriented industrialization and integration into global value chains is compared in the context of ensuring structural transformation and prosperity.