Status and Prospects of Economic Development in East Asia

DOI: 10.20542/0131-2227-2014-1-42-52

M. Potapov, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23 Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. The East Asia region had survived the global economic crisis of 2008–2009. However, the general slowdown in the region indicates many structural problems. The Chinese economy actively switches to the domestic market, giving priority to domestic investment and consumer demand in the maintenance of the economic growth. The development of integration processes in East Asia leaves open the question of the formation of a region-wide free trade area. East Asia is capable to retain the role of economic growth locomotive, moving towards the level of post-industrial development.

Keywords: East Asia, APEC, global crisis, foreign trade, capital flows, investment demand, domestic consumption, foreign direct investment, free trade agreement, economic integration, economic growth, post-industrial development

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For citation:
Potapov M. Status and Prospects of Economic Development in East Asia. World Eonomy and International Relations, 2014, no. 1, pp. 42-52.

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