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1. Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

2. Why did Karl Marx criticize capitalism? Describe how he planned to correct those shortcomings.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019
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Related questions

Short Essays

Please read each question carefully. Site sources too

1. Describe the difference between ethnocentric, polycentric, regiocentric, and geocentric management orientations.

2. Explain the difference between market capitalism, centrally planned capitalism, centrally planned socialism, and market socialism. Give an example of a country that illustrates each type of system.

3. The creation of the Single Market in Europe has led to harmonization. What does this mean? How does harmonization affect a company

1. How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?


2. If current trends continue, China may be the world's largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary systems, (b) the world monetary system, (c) the business strategy of today's European and US-based global corporations, and (d) global commodity prices.


3. Free market economies stimulate greater economic growth, whereas state-directed economies stifle growth. Discuss.


4. A democratic political system is an essential condition for sustained economic progress. Discuss.

Please answer the following short answer questions:

1. After World War II, most western countries moved away from free markets and constructed 'mixed economies' combining nationalization, state planning, and Keynesian demand management. Why were policymakers so keen to abandon markets and adopt state planning during this period?

2. Were these the best policies for these states to follow at the time? If not, why did so many smart people get it wrong?

3. What led to the consensus supporting 'mixed economies' to collapse in Great Britain and the United States (and elsewhere)? Why did these economies move toward deregulation and privatization? What led to the 'revival' of the market'?

4. How similar is the global economy of 2007 to that of 1907?

5. What is a contagion?

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