Subsidiary Management of the Property as a Condition for Sustainable Economic Growth

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Subsidiary Management of the Property as a Condition for Sustainable Economic GrowthSubsidiary Management of the Property as a Condition for Sustainable Economic GrowthSubsidiary Management of the Property as a Condition for Sustainable Economic GrowthSubsidiary Management of the Property as a Condition for Sustainable Economic GrowthSubsidiary Management of the Property as a Condition for Sustainable Economic GrowthSubsidiary Management of the Property as a Condition for Sustainable Economic Growth

The article presents an original concept of the economy structural development. As methodology is used the concept of cluster development, worked out by the author, and the principle of subsidiarity, which gets a new interpretation in the framework of this concept. Analyzing structural development of the property management system, the author shows that structural development of the economy is associated with transition from property management models, based either on the unified property mobilization (public ownership and state management) or on the specified property mobilization (individual-public property, private property) to models based on cluster-oriented, unified-specified property mobilization. The article proves that transition from the current hierarchical property cluster to subsidiarycluster property mobilization is the main condition for sustainable economic growth.

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