Article Abstract:
Post-Cold War global democratization will lead to the restructuring of the capitalist economy. Market economy may lead to development, but it also has its attendant social ills because it engenders the unequal distribution of wealth. The political choices made by the newly democratized countries reveal that they are aware of this. Russia, for example, voted for a democratic presidency, but only 10 % indicated that capitalism will resolve their problems. Some countries, such as Malaysia and Singapore, have come up with alternative ways to balance economic development and social equality.
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Article Abstract:
Many world leaders have realized the need to recognize social change. The so-called center-left, led by the US and the UK, believe that rightists have no place running governments due to their outdated finance management styles. Globalization is another concern that will strongly affect public policy and the world economy. Aside from investing in financial instruments and technology, it is also wise to invest in manpower development. Workers are the lifeblood of any organization and for long-term goals to be met, workers should be continually educated.
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Article Abstract:
Reflecting on the trade and investment at the turn of the last century and the 21st-century.
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