Analysis of the Contribution of Newly Industrialized Countries to Economic Resilience in the Asia-Pacific Region
DOI:
https://doi.org/10.21111/dauliyah.v10i2.14813Abstract
The Asia-Pacific region has experienced rapid economic growth in recent decades, primarily influenced by the strategic role of Newly Industrialized Countries (NICs) such as South Korea, Taiwan, Singapore, and Hong Kong. This study examines the role of NICs in enhancing the Asia-Pacific region’s economic resilience through increased production diversification, regional supply chain integration, technological innovation, and financial stability. Through a descriptive-qualitative approach and secondary data analysis, it is found that NICs act as the primary drivers of regional growth by increasing the volume of intra-regional trade, attracting foreign investment, and creating innovation centers that accelerate high-tech-based economic transformation. In addition, the ability of NICs to manage macroeconomic stability and fiscal resilience also strengthens the region’s resilience to external shocks, such as the global financial crisis and geopolitical disruption. This research confirms the importance of collaboration among countries in the Asia-Pacific to optimize the role of NICs in strengthening the region’s economic resilience sustainably.References
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