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What is the difference between East Asian state guided economics and American market driven economics?

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2011-09-14 09:25:48
2011-09-14 09:25:48

East Asian state guided economy focuses on product development for example: How to build a fuel efficient car to open market and increase profit.

American market driven economy focuses on making profits and puts less focus on product development for example: Instead of developing a fuel efficient car, the General Motor will choose to purchase a foreigh car company such as Saab of Sweden in order to increase profit.

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