Description
This essay discusses the divergent economic systems that have arisen in different parts of the world in the late 20th century. The author uses a comparative business systems framework to explain the differences in economic organization between market economies. The essay provides a detailed description of East Asian and Eastern European capitalism, and how they differ.
The late twentieth century has witnessed the establishment of new forms of capitalism in East Asia as well as new market economies in Eastern Europe. Despite the rhetoric of globalization, they are continuing to diverge because of significant differences in dominant institutions. This book presents the comparative business systems framework for describing and explaining the major differences in economic organization between market economies.
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