Expansion of Asset Sharing in the Global Economy

Aleksander Nikolayevich Zelenuk, Viktor Nikolayevich Kirillov and Yuri Anatolievich Savinov
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Aleksander Nikolayevich Zelenuk: MGIMO-University, Moscow, Russia
Viktor Nikolayevich Kirillov: State University of Management, Moscow, Russia
Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2023, issue 3, 41-52

Abstract: New forms of employment and methods of labour activity are emerging in the world economy under the influence of scientific and technological progress. The demand for relatively new forms of labour contributes to changes in the nature of new industries, leads to structural shift s in the economy. The expansion of asset sharing in the modern economy is one of these trends. Experts have calculated that it is more profitable to borrow an idle asset for temporary use than to buy it. The markets for vehicles, hotel rooms, office space, tourist accommodation booking services have embraced the trend most extensively. The demand for temporarily idle assets has captured both industrialized and developing countries. The process under consideration leads to an increase in the economic effect of empty offices, parked vehicles, unused types of equipment and appliances in any country’s economy. The expansion of the practice of asset sharing could objectively result in higher efficiency of social production and acceleration of economic growth.

Keywords: asset sharing; vehicles; temporarily empty housing; hotel rooms; USA; European Union (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_03_41-52

DOI: 10.24412/2072-8042-2023-3-41-52

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