TO THE QUESTION OF RELATIONSHIPS OF THE WEST AND EAST (ECONOMIC ASPECT)
( Pp. 72-75)

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Komov Sergey A.
Financial University under the Government of Russian Federation
Abstract:
The East is a civilizational phenomenon. Modern advanced countries of Asia demonstrate tremendous economic results. The «Asian tigers» have shown the world a real miracle, turning into a number of economic leaders in backward countries that have been destroyed by World War II. These facts are due to the increased interest in the East in recent times. The experience of Japan, South Korea, Taiwan, China and Singapore is being studied all over the world. Some economists proclaimed the 21st century the «century of Asia». At the same time, relations between the West and the East did not always evolve smoothly. In this article, the author attempts to provide a brief analysis of these relationships and suggests their periodization. Successful Asian economies developed in slightly different conditions, but one could identify a common «fairway»: stimulating agriculture in the form of family farming; support of national industry, its export orientation; providing industry with the necessary financial resources. Russia, which has a «special path» and civilized (by the way, geographically) located between the West and the East, nevertheless has a number of properties that bring it closer to the eastern civilization type. First of all, it is the role of the state in society and the economy. In this regard, the use of experience of advanced Asian countries can bring positive results for the development of the Russian economy.
How to Cite:
Komov S.A., (2019), TO THE QUESTION OF RELATIONSHIPS OF THE WEST AND EAST (ECONOMIC ASPECT). Economic Problems and Legal Practice, 4 => 72-75.
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