Multi-level convergence challenges of regional economic development
https://doi.org/10.26425/1816-4277-2023-9-5-11
Abstract
This study is devoted to the analysis of convergence in the economic development of regions, and these aspects are considered in the article in conjunction with the general trend of departure from economic globalization and transition to a new regionalism. The general trend of the new regionalism in the modern world, the manifestation of intraregional imbalances not only at the level of the integration association of countries, but at the intra-country level are considered. It is established that a significant motive in favor of regionalization is the strengthening of relations and strategic partnership between “friendly” countries, which changes the previously established models of international economic cooperation, and focuses on regional priorities of socio-economic development. The analysis of regional convergence has shown that such convergence has a historical trend towards a slowdown, which is generally manifested at the international and domestic levels, which is partly due to heterogeneous models of regional growth. In the future, countries and regions will need new mechanisms to adapt to crises and turbulence of the global economy.
About the Author
V. V. Stroev
State University of Management
Russian Federation
Russian Federation
Vladimir V. Stroev, Dr. Sci. (Econ.), Rector
Moscow
References
1. Baier S.L., Bergstrand J.H., Egger P. The New Regionalism: Causes and consequences. Économie international, 2007;109:9–29.
2. Kang Y. Development of Regionalism: New Criteria and Typology. Journal of Economic Integration. 2016;31(2):234–274.
3. Thrasher R.D. Constraining Development: The Shrinking of Policy Space in the International Trade Regime. New York: Anthem Press; 2021. 250 p.
4. Capaldo J. Mega-Regional Trade Agreements Implications for Inclusive Development. Multi-year Expert Meeting on Enhancing the Enabling Economic Environment at All Levels in Support of Inclusive and Sustainable Development (2nd session) Towards an enabling multilateral trading system for inclusive and sustainable development, Geneva, 8–9 December 2014, UNCTAD. https://unctad.org/system/files/ non-official-document/cimem5_2014_Capaldo.pdf (accessed 22.06.2023).
5. Altman S.A., Bastian C.R. The State of Globalization in 2023. https://hbr.org/2023/07/the-state-of-globalization-in-2023 (accessed 16.06.2023).
6. Ashcroft S. Nearshoring happening “faster than expected”, says Gartner. https://supplychaindigital.com/supply-chain-risk-management/nearshoring-happening-faster-than-expected-says-gartner (accessed 24.06.2023).
7. UNCTAD. Trade and Development Report 2022: Development prospects in a fractured world: Global disorder and regional responses. N.Y. & Geneva: UNCTAD; 2022. Pp. 114–124.
8. Aoyama Y., Horner R. World development report 2009: Reshaping economic geography, by the World Bank. Journal of Regional Science. 2010;50(5):1001–1004.
9. Chatterjee S., Giannone E., Kuno K. Unequal Global Convergence. World Bank Working Paper. 2022:39.
10. Caselli F., Coleman W.J. The US Structural Transformation and Regional Convergence: A Reinterpretation. Journal of Political Economy. 2001;109(3):584–616.
11. Fan T., Peters M., Zilibotti F. Growing Like India: The Unequal Effects of Service-Led Growth. NBER Working Paper Series. 2022;28551:45.
12. Dijkstra L., Poelman H., Rodríguez-Pose A. The geography of EU discontent. Regional Studies. 2020;54(6):737–753.
13. Schmidt V.A. The discursive construction of discontent: varieties of populist anti-system ideas and discursive interactions in Europe. Journal of European Integration. 2022;44(2):165–182.
14. Lenzi C., Perucca G. People or places that don’t matter? Individual and contextual determinants of the geography of discontent. Economic Geography. 2021;97(5):415–445.
15. Albanese G., Barone G., De Blasio G. Populist voting and losers’ discontent: Do es redistribution matter? European Economic Review. 2022;141:104000.
16. Pike A. Coping with deindustrialization in the global North and South. International Journal of Urban Sciences. 2022;26(1):1–22.
17. Rodríguez-Pose A., Dijkstra L., Poelman H. The geography of EU discontent and the regional development trap. European Commission Working Paper. Luxembourg: Publications Office of the European Union; 2023. 44 p.
18. Deng X. et al. A review of the balance of regional development in China from the perspective of development geography. Journal of Geographical Sciences. 2022;32:3–22.
19. Liu B.L., Zhu J.F., Zhou Y.L. The evolution of China’s regional economic theory and its future prospects. Management World. 2020;36(2):182–194.
20. Hong G.Z, Hu H.Y, Li X. Analysis of regional growth convergence with spatial econometrics in China. Acta Geographica Sinica. 2010;65(12):1548–1558.
21. Taymaz E. Regional Convergence or Polarization: The Case of the Russian Federation. Regional Research of Russia. 2022;12:469–482.
22. Phillips P.C.B., Sul D. Economic transition and growth. Journal of Applied Econometrics. 2009;24 (7):1153–1185.
Review
For citations:
Stroev V.V. Multi-level convergence challenges of regional economic development. Vestnik Universiteta. 2023;(9):5-11. (In Russ.) https://doi.org/10.26425/1816-4277-2023-9-5-11
Views:
355
Email this article 