Opportunities and Limitations of the “People’s Capitalism Model”
https://doi.org/10.26794/2220-6469-2023-17-3-40-54
Abstract
The article considers the opportunities and limitations of the so-called “People’s capitalism model” (PCM). For this purpose, the authors systematize the historical practice of implementation of PCM in different countries and available empirical assessments of the effectiveness of such initiatives. In addition, the authors undertake a theoretical analysis of PCM features, for which the interests of the company and its employees are modeled. The analysis of the model allowed us to determine the conditions of effectiveness of the people’s capitalism model, based on Базовыйwhich we formulate proposals for the introduction of a new initiative for Russian strategic enterprises in order to ensure Russia’s technological sovereignty.
Supporting agencies: The article was prepared as part of the state assignment of the Government of the Russian Federation to the Financial University for 2023 on the topic “Development of recommendations for ensuring economic growth in Russia under conditions of sanctions restrictions”.
About the Authors
E. V. Balatsky
Financial University; Central Economic and Mathematical Institute of the Russian Academy of Sciences
Russian Federation
Russian Federation
Evgeny V. Balatsky — Doctor of Economics, Professor, Director of the Center for Macroeconomic Research; Chief Researcher, RAS, Laboratory of Mathematical Economics
Moscow
N. A. Ekimova
Financial University
Russian Federation
Russian Federation
Natalia A. Ekimova — Cand. Sci. (Econ.), Associate Professor, Leading Researcher at the Center for Macroeconomic Research
Moscow
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Review
For citations:
Balatsky E.V., Ekimova N.A. Opportunities and Limitations of the “People’s Capitalism Model”. The world of new economy. 2023;17(3):40-54. https://doi.org/10.26794/2220-6469-2023-17-3-40-54
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