Forrome1221 at 11:58, 29 September 2023

2023-09-29T11:58:08Z

Forrome1221: Forrome1221 moved page Draft Семенов 185042260 to Kazenin Семенов 2022c

2022-12-28T17:11:07Z

Forrome1221 moved page Draft Семенов 185042260 to Kazenin Семенов 2022c

Forrome1221: Created page with " == Abstract == This paper examines the main theoretical approaches to the issue of economic catch-up. The preprint formulates the two key types of economic modernization pol..."

2022-12-28T17:11:05Z

Created page with " == Abstract == This paper examines the main theoretical approaches to the issue of economic catch-up. The preprint formulates the two key types of economic modernization pol..."

New page

== Abstract ==

This paper examines the main theoretical approaches to the issue of economic catch-up. The preprint formulates the two key types of economic modernization policy – “top-down modernization” and “bottom-up modernization”. The idea of “top-down modernization” is to create new industrial enterprises in a struggling region at the expense of the state budget or large third-party investors. In turn, “bottom-up modernization” implies relying on existing resources in communities, supporting local firms already in operation, and implementing measures aimed at increasing the competitiveness of all existing firms in the community or region. The analysis of practical application of these strategies shows that most attempts at “top-down modernization” have not been too successful so far – despite achieving some acceleration of economic growth in the short run, they eventually failed to reduce the economic lag due to insurmountable management problems and creating wrong business stimuli. At the same time, the “bottom-up modernization” strategy has proven more successful, as shown by the example of Southern Europe and East Asia, albeit with reservations – to achieve accelerated economic growth, it is necessary that the region should already have the prerequisites for development (from the availability of human capital to the people’s willingness to trust each other). 3

== Full document ==
<pdf>Media:Draft_Семенов_185042260-2480-document.pdf</pdf>

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	== Abstract ==		== Abstract ==

← Older revision	Revision as of 17:11, 28 December 2022
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Kazenin Семенов 2022c - Revision history

Forrome1221 at 11:58, 29 September 2023

Forrome1221: Forrome1221 moved page Draft Семенов 185042260 to Kazenin Семенов 2022c

Forrome1221: Created page with " == Abstract == This paper examines the main theoretical approaches to the issue of economic catch-up. The preprint formulates the two key types of economic modernization pol..."