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Economy

Power–property core of economic development

: The cases of Russia and South Korea
  • Power–property core of economic development
  • Pyastolov, Sergey; Elena, Shitenkova
  • [Rostov-on-Don] : Humanitarian Perspectives Publishing House
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Title Power–property core of economic development
Subtitle The cases of Russia and South Korea
Author Pyastolov, Sergey; Elena, Shitenkova
Publisher [Rostov-on-Don] : Humanitarian Perspectives Publishing House
Publication Date 2012
Material Type Article
Country Russia
South Korea
Holding Humanitarian Perspectives Publishing House
Language English License

Abstract

The authors argue that some peculiarities of national development strategies may be described and explained with the help of the power – property concept which is used as a complement to the Economic Freedom surveys methodology. A cluster analysis approach is used to reveal the discrepancies in development strategies of Russia and of South Korea. The authors claim that factors which influence those discrepancies are mostly institutional and cultural attributes that concern the power – property phenomenon.

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