To what extent do you agree that capitalism will not only survive but it will develop
1.Degen, Robert. The Triumph of Capitalism. 1st ed. New Brunswick, NJ: Transaction Publishers, 2008.
2.Warburton, David, Macroeconomics from the beginning: The General Theory, Ancient Markets, and the Rate of Interest. Paris: Recherches et Publications, 2003.
3.Stark, Rodney. Victory of Reason, (Random House New York, 2005)
4.Ferguson, Niall. The Ascent of Money, (Pengiun,2008)
5.Skinner, Quentin, The Foundations of Modern Political Thought, vol I: The Renaissance; vol II: The Age of Reformation. Cambridge University Press, 1978)
What made the USA number one? There are a lot of explanations – an endowment of natural resources, a free enterprise economic system, American ingenuity, a huge nationwide market, geographical isolation, immigration, a class-free society, to mention a few of the more prominent theories. Which one is right? Perhaps all of them, as well as a few that weren’t mentioned. Besides, the example of a highly developed British economy is based primarily on private enterprise which accounts for 75% of output and nearly 70% of employment. The UK has around 3, 7 million businesses [1,12]. They include many big companies. According to a Financial Times survey of the top 500 European companies, 146 are UK-based. A number of large companies and their subsidiaries are responsible for a substantial
Показать все proportion of total production in some sectors. This is true for chemicals, pharmaceuticals, motor vehicle assembly and aerospace. Businesses employing more than 1000 people, 0, 4% of all businesses, account for 55%. Just over 2% of the British workforce is engaged in agriculture, services contribute 65% of production, while manufacturing accounts for 21%. The average manufacturing company is fairly small. Four-fifths employ few than 20 people.These make up 10% of the manufacturing workforce. Furthermore, such market leaders countries like Great Britain which comprises around 250 industrial companies each has an annual turnover of more than 500 million pounds. Market economy stimulates progress, thus the ten largest manufacturing concerns rule the roost. They are: BAT Industries (tobacco products, food, etc.), Grand Metropolitan (food, drinks), Hanson Trust (various), Ford, British Aerospace, General Electric Company (GEC – electronics), British Steel, and Smith Kline Beecham (pharmaceuticals), Imperial Chemical Industries (ICI), Unilever (Chemicals). Britain’s chemical industry is the third largest in Western Europe. The country’s fourth biggest manufacturing industry, it exports nearly 50% of production, and is one of the Britain’s biggest export earners. The advantages of the market economy – the basis of capitalism – are obvious in all the advanced states where private sector firms predominate in the economy. For example, private firms play an important part in the UK economy: around 44% of the workforce work for companies employing fewer than 50 people. Around 2, 3 million businesses are sole traders or partners without employees. In comparison with the planned – public - sector which has become much less significant following the privatization since 1979 of many public businesses, including gas, electricity supply, coal and telecommunications. The remaining major nationalized industries are the Post Office, British Nuclear Fuels and the Civil Aviation Authority [5,87]. These are expected to act as commercial enterprises and achieve a required rate of return on new investment.In the developing countries all features of the capitalism are a little bit subtle, though a great attention is paid to support and assist all kind of business, especially small and medium-sized enterprises, to expand and invest, and adopt best practice. Small businesses employ more than a third of the private sector workforce and are responsible for one-sixth of total turnover in all the leading capitalist states nowadays. Finally, the Government provides financial assistance and guidance to help with problems affecting small companies. Most economies throughout the world today are undergoing change – some adopting more capitalist policies and practices, and others adopting more socialist ones. However, no nations with economic systems at either the capitalist or the socialist extreme, rather, the world’s countries have at least some elements of both. In the real world, few societies opt for an extreme type of economy, such as one that is totally, market-based, or one that features constant and pervasive government intervention. Instead, most societies opt for some mixture of markets, government intervention, and what economists refer to as traditional production. Speaking about capitalism we should mention the fact that capitalism means market, first of all, though not all the countries managed to transfer to this model of economy. To my mind, capitalism will not only survive but prosper because it is the most progressive economic formation. Nevertheless, some countries are only on the way to the developed pattern of economy, Russia for example. Скрыть
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