Economic theory and history of economic thought
Sverdlikova E.A., Tagibova A.A. —
The Russian Economy and Business Model Compared to Western and East Asian (Confucian) Models
// Theoretical and Applied Economics. – 2017. – ¹ 4.
– P. 1 - 19.
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Review: The subejct of this research is the modern models of economy and business that are being implemented in the main developed countries including Russia. The authors of the article focus on the models that are used in Japan, China and other East Asian countries. The Russian model is compared to typical models of the West and East Asia (and contemporary European models in a more detailed way). Particular attention is paid to modern Western concepts. The purpose of the research is to offer a general classification of these models as well as to define their place within a single classification system. The authors have used both general research methods such as systems analysis and synthesis, comparative analysis and classification of objects under research, theoretical contextual analysis of existing approaches to the matter) and special social and economic methods (Max Weber's economic business ethos theory, concept of national cultural types, 'three types of capitalism' theory by Esping-Anderson, concept of Welfare State and its types). Noteworthy, that the authors are critical about limited opportunities offered by the corporate culture concept and emphasize the need in a wider approach based on the idea of the importance of natoinal cultural features of each country. The results of the research are given in a form of a classification of the main economy and business models and their particular location on a single classification chart as well as location of economy and business models of the main developed countries of North America, Europe (including Russia) and East Asia thereon. The scope of application for these results may involve both social and economic development of different countries and their relationships as well as prediction of both in a long-term prospect.
Keywords: economy and business, corporate business models, Esping-Andersen classification, Welfare State, Russian economy model, European economy model, Western economy model, East Asian economy model, economy model, classification of national cultural models
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