Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia
The article aims at assessing consumer potential of the East Asian region in the context of diversification of economic growth sources and its transition to consumption-led economic growth model. Favorable social, demographic and economic trends, as well as demand-stimulating policies, implemented b...
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MGIMO University Press
2019-09-01
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doaj-c7d914b5d7374204908d360d8a650bbe2021-07-28T13:00:58ZrusMGIMO University PressМеждународная аналитика2587-84762541-96332019-09-0103384710.46272/2587-8476-2019-0-3-38-47245Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for RussiaE. Y. Arapova0Institute for International Studies, MGIMO-UniversityThe article aims at assessing consumer potential of the East Asian region in the context of diversification of economic growth sources and its transition to consumption-led economic growth model. Favorable social, demographic and economic trends, as well as demand-stimulating policies, implemented by governments and monetary authorities of the most of regional economies, entail a rapid increase in the private consumption contribution to economic growth, lead to a gradual transformation of the commodity structure of consumption, and import demand, which opens up new opportunities for exporters from the third countries, including Russia. The analysis made it possible to make a number of practical conclusions. Given consumer potential and mutual trade dynamics, China and Vietnam, to a lesser extent Malaysia, are of the greatest interest to Russia, while Thailand, Indonesia and the Philippines’ potential can be implemented in medium-term perspective (5-10 years). Russian mining, agricultural and heavy engineering industries (mainly, aircraft, space and power engineering) can become the key beneficiaries of the growing consumer potential in East Asia.https://www.interanalytics.org/jour/article/view/246east asiarussiachinaprivate consumptionimport demandforeign trade |
collection |
DOAJ |
language |
Russian |
format |
Article |
sources |
DOAJ |
author |
E. Y. Arapova |
spellingShingle |
E. Y. Arapova Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia Международная аналитика east asia russia china private consumption import demand foreign trade |
author_facet |
E. Y. Arapova |
author_sort |
E. Y. Arapova |
title |
Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia |
title_short |
Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia |
title_full |
Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia |
title_fullStr |
Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia |
title_full_unstemmed |
Consumer Potential of the East Asian Region: Contemporary Trends and Opportunities for Russia |
title_sort |
consumer potential of the east asian region: contemporary trends and opportunities for russia |
publisher |
MGIMO University Press |
series |
Международная аналитика |
issn |
2587-8476 2541-9633 |
publishDate |
2019-09-01 |
description |
The article aims at assessing consumer potential of the East Asian region in the context of diversification of economic growth sources and its transition to consumption-led economic growth model. Favorable social, demographic and economic trends, as well as demand-stimulating policies, implemented by governments and monetary authorities of the most of regional economies, entail a rapid increase in the private consumption contribution to economic growth, lead to a gradual transformation of the commodity structure of consumption, and import demand, which opens up new opportunities for exporters from the third countries, including Russia. The analysis made it possible to make a number of practical conclusions. Given consumer potential and mutual trade dynamics, China and Vietnam, to a lesser extent Malaysia, are of the greatest interest to Russia, while Thailand, Indonesia and the Philippines’ potential can be implemented in medium-term perspective (5-10 years). Russian mining, agricultural and heavy engineering industries (mainly, aircraft, space and power engineering) can become the key beneficiaries of the growing consumer potential in East Asia. |
topic |
east asia russia china private consumption import demand foreign trade |
url |
https://www.interanalytics.org/jour/article/view/246 |
work_keys_str_mv |
AT eyarapova consumerpotentialoftheeastasianregioncontemporarytrendsandopportunitiesforrussia |
_version_ |
1721277385901342720 |