China’s economic rise has increased foreign interest in the nature of China’s economy as well as the guiding ideology of the ruling Chinese Communist Party. China observers and critics often use the terms “Red China,” “Communist China,” or “Communist China” to refer generally to various aspects of China, including its people, its government, and its […]
Tag Archives: Economic System
Capitalism is an economic system that arose in Europe during the fall of feudalism around the 16th century. They used to be old American settlers before the American Revolution. For the formation of the United States (1776-1789), Capitalism was the economic system chosen by the Fathers of the United States Fore; primarily because it flourished […]
Socialism is a term that was coined at the end of the eighteenth century. Robert Owen and Henry De Sancto Simon are the first to use this term and introduce it to the understanding of another economic system. This recent concept was seen by Robert Owen and Henri De Saint Simon as a Utopian economic […]
The Republic of Singapore is one of the nations which has left a deep impression on the world by its rapid economic development and high standard of living. This Southeast Asian country is the most developed country in the region and is considered as one of the four Asian tigers including: Taiwan, Hong Kong, and […]