The Umbrella Revolution

Alexey Fedorov
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Alexey Fedorov: THE RUSSIAN ACADEMIC JOURNAL

The Russian Academic Journal, 2014, vol. 29, issue 3

Abstract:

The last Sochi Economic Forum emphasized that the Russianbusiness failed to have a full realization of the fact that the worldhas changed. It became more Asian. The number of those whoattended the block revolved around economic sanctions againstRussia, manifold exceeded the audient of the Asian block, andlectures met this fact with raised eyebrows. After all, developmentof Russian business, in general, had an emigration nature: originallyany business person went to the USA or in Europe as a tourist, lookedabout, launched a company and, simultaneously, got a residencepermit, set up any simple operations, made new connections,relocated children for permanent residence and education, and,eventually, mean to live peaceful and secure old age at the placeof “registration” of the company. As regards Asia, the situation ismuch trickier. The Russian business and political elite are notready to relocate for permanent residence in China, Malaysia,Singapore or Korea. Nor yet they are ready to send their childrento get education there, and, certainly, not regard Asia as a place forspending peaceful and secure old age.

Date: 2014-10-01
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