scholarly journals Commonalities and Differences of Cluster Policy of Asian Countries; Discussion on Cluster Open Innovation

2021 ◽  
Vol 7 (1) ◽  
pp. 21
Author(s):  
Arkadiusz Michał Kowalski ◽  
Marta Mackiewicz
Keyword(s):  
South Korea ◽  
Global Economy ◽  
Innovation Policy ◽  
Cluster Formation ◽  
Cluster Structure ◽  
Recovery Process ◽  
Foreign Direct Investments ◽  
Asian Countries ◽  
Cluster Policy ◽  
Cluster Development

The article aims at investigating the commonalities and differences between cluster policies in selected East Asian and Southeast Asian countries: Thailand, Singapore, South Korea, and China, to outline the Asian model of a cluster policy. Clusters play a significant role in the economic development of these countries, and some practical experiences from Asia may be used to shape the cluster policy in the recovery process after the COVID-19 pandemic. The conducted research contributes to a better understanding of the cluster formation process, cluster development, and policy aims in the analyzed countries. In Singapore and South Korea, which are among the most innovative countries in the global economy, cluster policy is to a great extent part of innovation policy, focusing on facilitating the networking and cooperation between science and business, the flow of knowledge, transfer of technology, and developing innovative technologies of key economic importance. In China and Thailand, which are developing countries, there is a much stronger role of foreign direct investments, which take the central place in the cluster structure. However, one common characteristic of cluster development patterns in all the analyzed countries is a top-down approach, where clusters are emerging and developing mostly as a result of governmental decisions and public programs.

scholarly journals CLUSTERS AS A SUBJECT OF MODERN ECONOMY

2021 ◽  
Vol 58 (3) ◽  
pp. 214-221
Author(s):  
Zh.B. Smagulova ◽  
◽  
A.E. Mukhanova ◽  
Keyword(s):  
Value Chain ◽  
Network Formation ◽  
Critical Mass ◽  
Cluster Formation ◽  
Cluster Structure ◽  
Horizontal Structure ◽  
Cluster Development ◽  
Geographical Concentration ◽  
Modern Economy ◽  
Capital Access

The article is devoted to the analysis of clusters as a new factor of increasing competitiveness in the modern economy. The initial preconditions for the formation of clusters are described (the presence of competitive enterprises, presence of competitive advantages for cluster development in region, geographical concentration, an extensive selection of participants, existence of links and interactions between cluster entities). The characteristic features of clusters are given (the possibility of research and development; qualification of the workforce; improvement of labor potential, collective vision and leadership; proximity of suppliers and connections with them; availability of capital; access to specialized services; associated structures; intensity of network formation; entrepreneurial energy; innovation and training). The general features of cluster formations are characterized (presence of critical mass; specialization of firms on various aspects of the value chain; mainly horizontal structure of relations and regulation) The classification of clusters is given (by territorial coverage, by stage of cluster development, by degree of products novelty, by role in the system of exchange and use of knowledge, by presence and degree of development of elements in cluster structure, by level of aggregation of cluster participants, by nature of the industry of enterprises participating in the cluster). The models of cluster formation (Italian, Japanese, Finnish, North American, Indian-Chinese, etc.) are highlighted.

Prospects of Cluster Development in the Russian Regions

Upravlenie ◽  
10.12737/2816 ◽  
2014 ◽  
Vol 2 (1) ◽  
pp. 40-44
Author(s):  
Егоров ◽  
Vasiliy YEgorov
Keyword(s):  
Regional Development ◽  
Cluster Structure ◽  
Regulatory Framework ◽  
Russian Regions ◽  
Cluster Policy ◽  
Cluster Development ◽  
Territorial Jurisdiction ◽  
Regional Cluster ◽  
Regional Authorities

The paper attempts to identify and describe issues of regional cluster policy elaboration and implementation in Russia. Yet this is unfeasible due to the lack of established understanding of cluster structure, role and value of clusters in economic and territorial administering, and of a regulatory framework for regional and inter-regional development and setting up of territorial jurisdiction boundaries as well as of support to clusters as a whole and to member organizations and enterprises on the part of state and regional authorities. Solution of the above mentioned problems has the scientific novelty and practical value.

scholarly journals Towards an Asian Model of Clusters and Cluster Policy: The Super Cluster Strategy

2020 ◽  
Vol 12 (4) ◽  
pp. 74-90
Author(s):  
Arkadiusz Michał Kowalski
Keyword(s):  
Traditional Approach ◽  
Foreign Direct Investments ◽  
Asian Countries ◽  
Cluster Policy ◽  
Top Down ◽  
Bottom Up ◽  
Cluster Strategy ◽  
Support Mechanisms ◽  
Economic Zones ◽  
Selection Of

Clusters are recognized as important drivers of competitiveness and economic development. There are various models of clusters development all over the world, some of which may be initiated bottom-up by private firms, as in most European countries, or top-down by public administrations. In the case of Asian clusters, many are driven by foreign direct investments (FDI), with the most notable example being China. The objective of this study is to examine the Super Cluster strategy introduced in Thailand in 2015, especially in terms of the rationale and mechanism for selecting assisted clusters as well as the instruments used to support them. The goal is to contribute to a more in-depth formulation of the Asian model of clusters and cluster policy. The conducted analysis shows that Thai strategy deviates from traditional bottom-up approaches to cluster policy, veering towards the top-down approach in which government designates targeted regions and industries for the development of clusters. Another finding is that the Super Cluster strategy shares more common characteristics with Special Economic Zones (SEZ) than it does with the traditional approach to cluster policy in terms of its main objective of attracting foreign direct investments (FDI), securing support mechanisms as well as in the selection of target areas and the type of instruments to be implemented. The experience of Thailand is discussed along with that of other Asian countries, most notably China, in order to identify and verify the characteristics of the Asian model of clusters and cluster policy.

Beyond Technonationalism

2019 ◽  
Author(s):  
Kathryn C. Ibata-Arens
Keyword(s):  
Innovation Policy ◽  
High Technology ◽  
Entrepreneurial Activity ◽  
Asian Countries ◽  
Firm Creation ◽  
Biomedical Innovation ◽  
The World ◽  
Asian Economies ◽  
Biomedical Industry ◽  
Innovation And Entrepreneurship

What explains the rapid and sustained economic rise of Asian countries in high-technology industries, including biomedicals? The biomedical industry, comprised mainly of biopharmaceuticals and medical devices, is among the fastest growing globally and has been an economic-development target of national governments around the world. The book presents a conceptual framework to assess national government management of innovation and entrepreneurship in the fast-growing biomedical industry in Asia, which at current growth rates is on track to become the center of the world economy. Four Asian countries—China, India, Japan, and Singapore—are compared in terms of innovation capacities, government policy, and firm-level strategies underlying competitive advantages in high technology. The book argues that countries that pursue networked technonationalism have been effective in upgrading innovation capacity and also encouraging entrepreneurial activity in targeted industries. The study begins with a global-level analysis of biomedical innovation and entrepreneurship, identifying emerging concentrations of scientific citation, patenting, and firm creation—paying close attention to trends in Asian economies and future prospects. Findings indicate a gradual shift to Asian economies of many biomedical-innovation and new-business-creation activities. The book concludes with implications for innovation policy and entrepreneurship strategy in Asia and elsewhere.

Impact of COVID-19 on FDIs, Remittances and Foreign Aids: A Case Study of Nepal

2021 ◽  
pp. 097639962097420
Author(s):  
Gaurav Bhattarai ◽  
Binita Subedi
Keyword(s):  
United Nations ◽  
Low Income ◽  
Global Economy ◽  
Grey Literature ◽  
Foreign Assistance ◽  
Foreign Direct Investments ◽  
Middle Income ◽  
Low Income Country ◽  
The Government ◽  
The Impact

The global economy has been severely paralysed, owing to the unprecedented crisis triggered by the COVID-19 pandemic, and different studies have indicated that the crisis is relatively more maleficent to the lower-income and middle-income economies. Methodologically, this study relied on the review and analysis of the grey literature, media reporting and data published by the Asian Development Bank, United Nations Conference on Trade and Development (UNCTAD), United Nations (UN), World Bank, International Monetary Fund (IMF) among others. The article begins by describing the impact of the pandemic on low-income and middle-income countries, and it discusses how they have responded to the crisis. While discussions have surfaced regarding whether COVID-19 will reverse the process of globalization, what will be its impact on the low-income country like Nepal? The study also highlights that with foreign direct investments speculated to shrink and foreign assistance and remittance taking a hit, how is Nepal struggling to keep its economy afloat? Analysing the new budget that the government unveiled in 2020, this study concludes with a note that instead of effectively implementing the plans and policies directed by the budget, Nepal is unnecessarily engaged in political mess and is needlessly being dragged into the geopolitical complications.

scholarly journals The AsiaChem magazine is born

2021 ◽  
Vol 43 (2) ◽  
pp. 29-30
Keyword(s):  
South Korea ◽  
Cutting Edge ◽  
Free Access ◽  
Asian Countries ◽  
Science History ◽  
The Voice

Abstract The newly born AsiaChem magazine echoes the voice of the Federation of Asian Chemical Societies (FACS). We believe that this biannual, free-access magazine will attract worldwide attention because it features cutting-edge science, history, essays, interviews, and anything that would interest a broad readership within the chemical community. All articles are authored by scientists who were born in Asian countries or actively working in Asia. Accordingly, the inaugural issue represents eight FACS countries, including Australia, China, India, Israel, Jordan, South Korea, Taiwan, and Turkey: https://www.facs.website/november-2020

Strategic Management as a Basis of Sustainable Development in Agricultural Production

2021 ◽  
Vol 27 (7) ◽  
pp. 523-529
Author(s):  
T. V. Simonyan ◽  
N. V. Shvydenko
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Structural Model ◽  
Innovation Policy ◽  
Cluster Structure ◽  
Industrial Complex ◽  
The Sustainable Development ◽  
Russian Economy

Aim. The presented study aims to substantiate a structural model for developing a sustainable development strategy in agricultural production, making allowance for changes in the level of impact of environmental factors.Tasks. The authors determine the reasons why the Russian agro-industrial complex (AIC) is lagging; identify the specific aspects of forming a strategy for the sustainable development of regional AICs; formulate urgent problems of sustainable development for the agri-food sector of the Russian economy at the federal, regional, and enterprise levels.Methods. This study uses a reasonable and objective approach to the problem of applying strategic management as a foundation for the sustainable development of agricultural production based on the knowledge of the laws of development of socio-ecological and economic systems and a study of multidirectional factors of the external and internal environment. The methodological basis for the sustainable development of agricultural production includes the concept of sustainable development as a priority at the macroeconomic level; strategy as a planning tool based on consistency with programs implemented at the federal, regional and municipal levels of public administration; methods and tools of strategic management at AIC enterprises.Results. The key aspects of the institutional-synergetic approach to the sustainable development of the AIC include the need to coordinate all factors by forming coherent goals not only among economic and financial institutions, but also for technopolises that combine scientific, industrial, financial, and entrepreneurial capital into one system cluster structure. The authors formulate the stages of implementing a strategy for the sustainable development of regional AICs, making it possible to come up with measures aimed at reorganizing the structure of the agricultural sector and to overcome the negative manifestations of crises in the Russian economy, thus minimizing their consequences.Conclusions. During the development of a strategy for the sustainable development of regional AICs, a multiplicative effect arises, making it possible to activate innovation policy and boost the development of other sectors of the economy, improving the population’s quality of life. When developing a strategy at the microeconomic level, it is necessary to make allowance for the specifics of the industry and the mission of a modern agro-industrial enterprise and to focus on solving problems formulated based on the trinity of goals of social, environmental, and economic long-term sustainable development.

scholarly journals Corruption and Government Intervention on Bank Risk-Taking: Cases of Asian Countries

2018 ◽  
Vol 9 (2) ◽  
pp. 228-237
Author(s):  
Rizky Maulana Nurhidayat ◽  
Rofikoh Rokhim
Keyword(s):  
South Korea ◽  
Risk Taking ◽  
Government Intervention ◽  
The Other ◽  
Bank Risk ◽  
Asian Countries ◽  
Dummy Variables ◽  
Macroeconomic Variables ◽  
Using Data ◽  
The Impact

This paper aims to addresses the impact of corruption, anti-corruption commission, and government intervention on bank’s risk-taking using banks in Asian Countries such as  Indonesia, Malaysia, Thailand, and South of Korea during the period 1995-2016. This paper uses corruption variable, bank-specific variables, macroeconomic variables, dummy variables and interaction variable to estimate bank’s risk-taking variable. Using data from 76 banks in Indonesia, Malaysia, Thailand and South Korea over 21 years, this research finds consistent evidence that higher level of corruption and government intervention in crisis-situation will increase the risk-taking behaviour of banks. In the other hand, bank risk-taking behaviour minimized by the existence of anti-corruption commission. In addition, this paper also finds that government intervention amplifies corruption’s effect on bank’s risk-taking behaviour because of strong signs of moral hazard and weaknesses in the governance and supervision.

scholarly journals Influence of Tourism on Economic Development in Asian Countries

2020 ◽  
Vol 5 (2) ◽  
pp. 207-216
Author(s):  
Wen-Chuan FU ◽  
◽  
Chia-Jui PENG ◽  
Tzu-Yi YANG ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Tourism Industry ◽  
Asian Countries ◽  
Cross Sectional ◽  
Rate Fluctuation ◽  
National Economic ◽  
International Entry ◽  
The Relationship

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

scholarly journals Public Administration and Innovation Policy in a Networked Society

2019 ◽  
Vol 8 (4) ◽  
pp. 3604-3609 ◽  
Keyword(s):  
Global Economy ◽  
New Technologies ◽  
Innovation Policy ◽  
The State ◽  
Innovative Development ◽  
Scientific Theories ◽  
State Management ◽  
Role Of The State ◽  
Modern Economic ◽  
Innovative Economy

In modern conditions of global transformations and the growth of crisis phenomena in the global economy, the question of finding and developing alternative economic models becomes urgent. As a tool for stimulating economic development and a new source of growth, innovations and the results of scientific and technological activities were chosen. This approach was theoretically developed and described at the beginning of the last century, but it has become in demand only now. The development of the innovative sector of the economy leads to the emergence of qualitatively new technologies and is non-linear. The complexity of management objects, the dynamism of innovative processes, which, in turn, transform the economy, markets, institutions, are growing. Changing management objects require new scientific theories, management technologies and tools. In this article, the author analyzes modern economic and technological trends, identifies the main scientific theories that describe these processes, identifies trends in changes in management sciences. The article discusses the classification of models of innovative development, outlines the main directions of changes in the state management of innovative development and innovative infrastructure. Based on the study, the systematic changes in the role of the state in building an innovative economy are systematized, the emerging formats of managerial structures and the institutions for the development of innovative infrastructure are described.

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