Western economics has embodied evident aesthetic significance in its historical development, i.e. the beauty of virtue in ancient economic aesthetics, the beauty of virtue and utility in early modern economic aesthetics, the beauty of affluence and well-being in modern economic aesthetics, and the beauty of harmony and happiness in contemporary economic aesthetics.
In the theory part of this paper, the author discusses the spatial expansion mechanism of clustered enterprises systematically, using the basic theories on regional economy, industrial economy and western economy, together with the theories on enterprise cluster and the new developments and conclusions of the theory on international production compromise.
The recent behaviour of firms, described in terms of industry, size, international involvement and ownership, in a developed, western economy (Australia) are contrasted with the behaviour of similar firms in an emerging, eastern economy (Sri Lanka).
For many people living in the most developed Western economy, however, the year 2005 signalled an awakening to a China threat.
The most secretive Western economy, with some of the biggest TNC's in foods and pharmaceuticals, is Switzerland.