What the change of systemn from socialism to capitalism does and does not mean

Article Abstract:

A move to capitalism from socialism can create problems because some socialist systems were not efficient, so economies are less developed, and problems may also arise because of the transitional nature of society and economy. There are also disadvantages related to capitalist systems, such as unemployment. Inequality arises from a system where inheritance is allowed and income can be gained from capital. In addition, corruption and other human failings can create problems in both socialist and capitalist systems.

Socialism

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The principles of privatization in Eastern Europe

Article Abstract:

The selection criteria for different modes of privatization appropriate for Eastern Europe were presented. The criteria takes into consideration a number of concepts such as the sociological, political and economic conditions prevalent in Eastern Europe, as well as distributional-ethical norms. In addition, the proper role of the state in privatization and the evolutionary character of the privatization itself were discussed.

Eastern Europe, Privatization, Privatization (Business), Europe, Eastern

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Free market capitalism and market discipline on the Asian financial crisis

Article Abstract:

This article examines the possible causes of the Asian Financial crisis during the late 1990s. The authors focus on the role of free market capitalism in the financial distress in Asia, and the potential need for tighter discipline among market particpants or more government control over borrowers and creditors.

Asia, Markets (Economics), Recessions, Free enterprise

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