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12 Krasnoyarsk Economic Forum: three points of growth in Asian economies
Today the second day of the 12th Krasnoyarsk Economic Forum opened with a plenary session: “Russia and the countries of the Asia-Pacific region. From integration policy to development projects ”.
According to EastRussia, Joe Stadwell, the founder of the research company Dragonomics Research, participated in the opening of the discussion and spoke about the findings of studies of a number of Asian economies and the general causes of growth that unite them.
According to his research, a group of countries most successful in Asia, followed a similar path in their economic policies - Japan, China, South Korea, Vietnam.
Three unifying moments in these countries:
1. General approach to the development of agriculture, the implementation of the agricultural framework and the development of small-scale agricultural production based on family farming.
This approach to agriculture has enabled an even business development across the country.
2. A huge focus on investment in infrastructure. China today creates an increase in the demand for its own production capacity and the demand for its own goods.
One-third of the working population works in industrial production. In industrial production, machines play an important role and it is therefore easy to introduce and develop new technologies.