Problemi Ekonomiki (Nov 2015)
The Global Trends of the Industrial Development in Developed and Developing Countries
Abstract
The article analyzes the global trends in the industrial development both in developed and developing countries. The study is based on the data of interbranch balances for 38 countries over the period of 1996-2011. In the selected groups of countries there have been studied: the dynamics and structure of the world industrial output, share of industry, dynamics and structure of the volume of industrial exports, dynamics of export orientation of the industrial production, dynamics of capacity of the domestic market for industrial products, structure of consumption of industrial products, dynamics and structure of the GDP of high-tech industries, dynamics of the share of the GDP of high-tech industries in the world industry GDP. There have been formed the rankings of top 20 producers, exporters and importers of industrial products in the world, leading countries in terms of capacity of the domestic market for industrial products, leading countries in terms of import dependence of the domestic market for industrial products in the world, leading countries in terms of the GDP volume of high-tech industries. Based on the conducted analysis it has been proved that the development of industry in developing countries is taking place in higher, as compared with developed ones, pace. High rates of industrial development in developing countries are ensured, first of all, by increasing their domestic market capacity. At the same time maintaining a high level of activity in the international market for industrial products still allows developed countries to keep the leading positions in rankings. The most industrially developed countries among the developing ones are Korea, China and India, and those among the developed countries are Germany, Japan and the United States. A significant advantage of the developed countries is observed in the production of high-tech products. Even considering the advantage in the GDP growth of high-tech industries in the developing countries, their share in the world total output is still significantly smaller.
