Slow Upward Trend in Sharing Economy Concept in Russia

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Finally, the government does not allow all these sharing economy companies into the Russian market, as they would destroy the domestic companies, negatively affecting the economy, which means that a lot of sharing economy companies are not able to overcome this governmental barrier, which only supplements to the overall meagerness of the sharing economy trend in Russia.

Body (Section three):

Airbnb is a famous apartment rental company that was launched in Russia in 2012. 4 years went by, however the number of listings in the Russian capital – Moscow is only 2500. It does experience a steady growth (it was 2300 listings the year before), however the rate is incredibly slow which is all due to the factors covered before. In comparison we can take New York that has around 32000 listings, even though the Moscow’s population is almost twice as big. On the graph on the next page we can clearly see this tremendous gap in development of the company in the taken cities.

[pic 2]

Another example that supports the trend is YouDo – Russian equivalent of the TaskRabbit which represents a list of “to do” tasks you are getting paid for. Since its launch in 2012, the number of tasks has risen from 12500 in 2013 to 22000 in 2016, which has an average of 1200 tasks per day. Yet again we see the upward trend here, however let us compare it to TaskRabbit that was launched in 2008. Taking the same time period of development of 4 years, in 2012, TaskRabbit had demonstrated a more substantial growth, having 1500 tasks per day as an average then further developed to around 3000 tasks per day by now. On the graph below this difference is clearly pictured.[pic 3]

Conclusion:

To conclude it would be worth saying that trust lies under the whole concept of sharing economy. According to the various questionnaires, around 70% of Russians do not trust other people which results in their refusal to rent away their cars and houses, to be travelling with strangers (Blablacar) and etc. Thus, the sharing economy companies would have to face the idiosyncrasies of Russian market and to be content with insufficient growth rates until this lack of trust between the comrades has not been fully eradicated.

Bibliography:

- Peer-to-peer: will the sharing economy movement win friends in Russia?

http://calvertjournal.com/articles/show/3303/sharing-economy-peer-to-peer-russia

- Sharing economy: yesterday, today, tomorrow.

https://shag-vpered.org/sharing-economy-vchera-segodnya-zavtra/

- Sharing economy: how does it work in Russia?

https://daily.afisha.ru/technology/3167-sharing-economy-kak-eto-rabotaet-v-rossii/

- Sharing economy: is there a potential?

http://www.online812.ru/2016/03/31/010/

- Arun Sundararajan, (2016) Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, 1st Edition, Sabon LT Std, Toppan Best-set Premedia Limited.