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This 5 page paper provides an overview of the various types of capitalism in the world. How the variations affect trade and international relations are discussed. Bibliography lists 3 sources.
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5 pages (~225 words per page)
File: RT13_SA142trd.rtf
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of the various types of capitalism in the world. How the variations affect trade and international relations are discussed. Bibliography lists 3 sources. SA142trd.rtf
With the advent of globalization, many questions crop up. After all, while many governments trade with one another, create treaties and trade agreements,
the type of government each has does influence everything. Communist China, for example, is an aberration. Not many communist states continue. Most countries have vied for democracy and have embraced
capitalism to some extent. Additionally, while there are now many capitalist states, there are different forms of capitalism, something that also affects trade. One question looms large.
What is the impact of different models of capitalism on international trade? Bronk (2000) also asks what type of capitalism will prevail? The author seems to
wonder what the prospects of a new global model of capitalism will be, particularly in light of rapid globalization of product and financial markets along with the emergence of new
technologies (2000). When the author asks what type of capitalism will prevail, he is referring to the fact that there is more than one paradigm. While the spirit of capitalism
is present in modern day U.S.A. other countries have chosen to liberalize benefits from the government. Thus, there are variations in types of capitalist systems.
European countries have tried to embrace generous welfare states as well as other key elements of their particular social models (Bronk, 2000). In other words, there is more
government intervention and assistance, despite the recognition of capitalism as a vital tool. Anglo-Saxon economies, on the other hand, have favored a smaller welfare state, along with reduced taxes and
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