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What is the best term to describe the postwar Western economic model?

For individual nations: welfare capitalism (for states); multi-national corporation (for business). For the West as a whole: the Bretton Woods system.


What religion led to capitalism?

The word 'capitalism' was coined about 1880 by Karl Marx to describe the way businesses were financed in the west, in contrast to his preferred system of socialism. These are economic and governmental distinctions, not religions. The economic value of his arguments is exposed by the fact that socialism was always financed by gifts from western banks, and when the gifts dwindled the regime collapsed.


What was the most significant economic trend in the 1900s?

The rise of Western industry based on worldwide resources and markets


Causes of globalization in India?

There are multiple natural reasons behind the rapid globalization and political integration of the Republic of India into the international system. These include its use of the English language, a massive educated and affluent international diaspora in Western countries such as the United States, Canada and the United Kingdom, and it being the largest democracy by population in humanity.


What are the positive and negative effects of capitalism?

Capitalism allows people to own private property, have the right to gain wealth and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism also allows individuals to earn money based on the importance of their role in society. If doctors didn't earn more than carpenters, no one would become a doctor and we'd have a shortage. This system encourages people to contribute to the economy, thereby gaining wealth for themselves and promoting wealth for others. Capitalism is not without it's flaws, and there are many different forms of it. (see the related link for a historical perspective on Western capitalism)

Related Questions

When did KGB starts and how?

It started in 1953 in order to spreed Communism though out the world, gain intelligence, influence international events, and destroy western capitalism.


Why did the terroists atack The World Trade Center?

the presumed reason was that some islamist terrorists believed opposite to western capitalism and the world trade center to them was western capitalism


The philosophy that western capitalism was the enemy of mankind was started by?

Marx


Why did international trade increase for eastern and western Europe in the 1990's?

The early 1990s saw the fall of communism in Europe. This made Western and Eastern relations stronger and trade dramatically increased.


When did Western International Communications end?

Western International Communications ended in 2000.


When was Western International Communications created?

Western International Communications was created in 1982.


When was Western International University created?

Western International University was created in 1978.


What did the the Commercial Revolution in western Europe lead to?

economic fervor


What is the symbol for Western Asset Worldwide Income Fund Inc in the NYSE?

The symbol for Western Asset Worldwide Income Fund Inc. in the NYSE is: SBW.


When was Western International School of Shanghai created?

Western International School of Shanghai was created in 2006.


When was Western International High School created?

Western International High School was created in 1898.


In what year did Western Asset Worldwide Income Fund Inc - SBW - have its IPO?

Western Asset Worldwide Income Fund Inc. (SBW)had its IPO in 1993.