Download This PaperThe 'Pillar Model' of Large Economies: Analyses of Multi-Pillar and Oligo-Pillar Economies
9 Pages Posted: 4 May 2020
Date Written: May 1, 2020
Abstract
Many developing economies (Eg: India) is made of several thousands of small-to-medium units and businesses. This is an example of a Multi-pillar economy where each individual pillar represents a small business unit (formal or otherwise). On the contrary western economies are made of many large units or corporations which are the main drivers in terms of economic activity, employment, capital generation etc. This exemplifies an Oligo-pillared structure where each large pillar represents a large corporation). In this paper, I will analyze the two models with the capacity for each economic model to withstand disruption and bounce-back capacity.
Keywords: economy, COVID-19, coronavirus, recession
JEL Classification: E21, E22, E27, E32, E63, E71, F23
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