The East Asian Development Model and Its Country Submodels: General and Specific (Based on the Example of China)

In the presented article, from the methodological standpoint of a retrospective system analysis, a study of the general and special characteristics of the East Asian development model (EADM) is carried out, taking into account the relevant experience of modern China. In the introduction of the article, the author's understanding of the economic development model of a particular region of the world and its member countries is given, as well as the relevance and importance of a system analysis of national adaptation and scaling in the PRC as one of the largest countries in the world (the first in terms of national economy, the second in terms of population and the third in terms of territory size). The main part of the article presents the author's version of the periodization and evolution of China's economic and social development strategy in the second half of the 20th — first quarter of the 21st centuries. The general features and national specifics of the institutional regulation of the transition of the Chinese economy from extensive to intensive growth, from the industrial to the post-industrial stage, from the imitation to the innovative type of development are studied. The mechanisms of public-private partnership (PPP) have been studied, including the specifics of government relations with corporate, small and medium-sized enterprises (SMEs). In the second section of the main part of the article, generalizing conclusions are formulated concerning the constructive advantages of the EADM, explaining the generally successful catching-up and subsequent outstripping development of a number of countries and economies using certain variants of this model. In particular, it was stated that the systems of state and institutional regulation of the economy created within the framework of the EADM not only ensure higher rates of economic growth at the stage of industrialization than in the West, but also the subsequent faster change of stages of economic development, including the transition to modern efficient and innovative growth, the transformation of catching-up development into advanced development. The most common disadvantages and problems of the EADM are also characterized, in particular, regarding the corrupt fusion of power structures and business, as well as the methods used and ways to overcome them.

East Asian model, China, state regulation of the economy, corporations, SMEs, PPP, catching up and advancing development