Word: capitalisme
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Dates: during 2000-2009
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Some developing countries welcome a new model of capitalism. Cambodia, for example, has played the game of global trade; it signed a deal with the U.S. governing its garment exports, a big part of its economy. Now some Cambodian leaders think they should look elsewhere. "Why wouldn't we copy...
Yet in recent years several states have quietly been remaking themselves into international financial players, on a scale unprecedented at least since the fall of the Soviet Union. Unlike the East bloc, however, the new state capitalists - China, Russia and the Persian Gulf states, primarily - have proven so successful that...
State capitalism is hardly foolproof, of course. In nations with less sophisticated economic management than a place like Dubai, state control could simply revert to cronyism. Because they still rely on trade, the state capitalists are not immune to a global meltdown. Indeed, decreased Western consumer demand will dent China...
In Europe, where America the Beautiful has lost some of its luster of late, De Feo's enthusiasm is increasingly rare. According to the 2008 Pew Global Attitudes Project survey, the number of Brits who view the U.S. favorably has dropped from 83% in 2000 to 53% today; in France...
Business leaders from around the world lamented economic inequality and the challenge it poses to market capitalism on the second and final day of the Harvard Business School Global Business Summit.Former University President Lawrence H. Summers, in his keynote address, focused on the decline in the United States�...