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Typification Of The Economic Development Of The Leaders Of The World Economy

Table 1: Characteristics of the elements of the area of distribution of growth indicators and the risk of economic development

Designations in the diagram (Figure 1) Value Comment
Α Minimum risk point At this point, the territory demonstrates the minimum risks from among the studied phenomena.
β Point of maximum growth At this point, the territory demonstrates the maximum growth among the studied phenomena.
Curve αβ The frontier of balanced (effective) development This curve contains the phenomena for which, for a given growth, there are no lower risks and for a given risk there is no greater growth, and resources are used most optimally.
Area ABCDF Growth area (innovation) In this area, economic growth is higher than with minimal risk - the most important sign of innovative development
Area EG Conservation area (rejection of innovation) Here growth is lower than with minimal risk - innovation is not enough
Area ABCDЕ Stability area Risks are lower than at maximum growth - the most important sign of the institutional maturity of a society
Area FG The area of institutional underdevelopment (instability) Risks are higher than with maximum growth - institutions are not able to ensure sustainability of economic growth
Area ABCD Development area Growth is higher than with the minimum risk, and the risk is lower than with the maximum growth - the territory is institutionally developed and implements innovations
Area F The area of theft (kleptocracy) Innovations are carried out, but the risks are higher than at maximum growth due to institutional underdevelopment
Area E Mafia area (institutional conservation, institutional autism) There is a rejection of innovation, but high institutional development ensures a low level of risks
Area G Degradation area Institutional underdevelopment and rejection of innovation leads to degradation
Area AC Area of conservative development Risk and growth indicators are closer to the point of minimum risk than to the point of maximum growth - when managing the territory, the most attention is paid to institutions, not innovation
Area BD Aggressive development area Risk and growth indicators are closer to the point of maximum growth than to the point of minimum risk - when managing the territory, the greatest attention is paid to innovation, not institutions
Area AB The area of egalitarian development All resources of the territory are involved in development
Area CD Elite development area Not all resources of the territory are involved in development, a significant part of the resources are not used (consumed by the elite), but, if necessary, can be directed to increase growth and / or reduce risk
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