European Social Model and East Asian Economic Model – Different Approach to Productivity and Competition in Economy

"Asia – Europe. Partnership or Rivalry?”, Uniwersytet Ekonomiczny we Wrocławiu, Wrocław 2010, pp. 35-47

14 Pages Posted: 6 Jan 2015 Last revised: 10 Feb 2015

See all articles by Sergiusz Prokurat

Sergiusz Prokurat

Higher School of Economics Euroregional

Date Written: November 24, 2010

Abstract

The economic success of the East Asian countries has inspired many scholars and policy makers to study the background of their rapid growth. Since there are many versions of capitalism, there is a debate over which model is the best answer for people needs. This debate is still open. In the article the author describes and compares the basis of both the European Social Model (ESM) and East Asian Economic Model (EAEM). In the summary he states that the manner of thinking of economy is the factor differentiating European and Asian societies, but also that the current system and the perception of the idea of competitiveness affects the country’s development.

Keywords: East Asian Economic Model, European Social Model, Asia, competitiveness, development, capitalism

JEL Classification: A12, A13, A14, D63, O11, P50, P51

Suggested Citation

Prokurat, Sergiusz, European Social Model and East Asian Economic Model – Different Approach to Productivity and Competition in Economy (November 24, 2010). "Asia – Europe. Partnership or Rivalry?”, Uniwersytet Ekonomiczny we Wrocławiu, Wrocław 2010, pp. 35-47, Available at SSRN: https://ssrn.com/abstract=2545004

Sergiusz Prokurat (Contact Author)

Higher School of Economics Euroregional ( email )

Józefów
Poland

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