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<div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Crisis</span> </div> </a> <ul id="toc-Crisis-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Limitations" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Limitations"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Limitations</span> </div> </a> <ul id="toc-Limitations-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Further_reading" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Further_reading"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Further reading</span> </div> </a> <ul id="toc-Further_reading-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " 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.sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-night .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-list-title,html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media print{body.ns-0 .mw-parser-output .sidebar{display:none!important}}</style><table class="sidebar sidebar-collapse nomobile nowraplinks"><tbody><tr><td class="sidebar-pretitle">Part of <a href="/wiki/Category:Capitalism" title="Category:Capitalism">a series</a> on</td></tr><tr><th class="sidebar-title-with-pretitle" style="padding:0.2em;"><a href="/wiki/Capitalism" title="Capitalism">Capitalism</a></th></tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Concepts</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Austerity" title="Austerity">Austerity</a></li> <li><a href="/wiki/Business" title="Business">Business</a></li> <li><a href="/wiki/Business_cycle" title="Business cycle">Business cycle</a></li> <li><a href="/wiki/Businessperson" title="Businessperson">Businessperson</a></li> <li><a href="/wiki/Capital_(economics)" title="Capital (economics)">Capital</a></li> <li><a href="/wiki/Capital_accumulation" title="Capital accumulation">Capital accumulation</a></li> <li><a href="/wiki/Capital_market" title="Capital market">Capital markets</a></li> <li><a href="/wiki/Company" title="Company">Company</a></li> <li><a href="/wiki/Corporation" title="Corporation">Corporation</a></li> <li><a href="/wiki/Competition_(economics)" title="Competition (economics)">Competitive markets</a></li> <li><a href="/wiki/Economic_interventionism" class="mw-redirect" title="Economic interventionism">Economic interventionism</a></li> <li><a href="/wiki/Economic_liberalism" title="Economic liberalism">Economic liberalism</a></li> <li><a href="/wiki/Economic_surplus" title="Economic surplus">Economic surplus</a></li> <li><a href="/wiki/Entrepreneurship" title="Entrepreneurship">Entrepreneurship</a></li> <li><a href="/wiki/Fictitious_capital" title="Fictitious capital">Fictitious capital</a></li> <li><a href="/wiki/Financial_market" title="Financial market">Financial market</a></li> <li><a href="/wiki/Free_price_system" title="Free price system">Free price system</a></li> <li><a href="/wiki/Free_market" title="Free market">Free market</a></li> <li><a href="/wiki/Goods_and_services" title="Goods and services">Goods and services</a></li> <li><a href="/wiki/Investor" title="Investor">Investor</a></li> <li><a href="/wiki/Invisible_hand" title="Invisible hand">Invisible hand</a></li> <li><a href="/wiki/Visible_hand_(economics)" title="Visible hand (economics)">Visible hand</a></li> <li><a href="/wiki/Liberalization" title="Liberalization">Liberalization</a></li> <li><a href="/wiki/Marginalism" title="Marginalism">Marginalism</a></li> <li><a href="/wiki/Money" title="Money">Money</a></li> <li><a href="/wiki/Private_property" title="Private property">Private property</a></li> <li><a href="/wiki/Privatization" title="Privatization">Privatization</a></li> <li><a href="/wiki/Profit_(economics)" title="Profit (economics)">Profit</a></li> <li><a href="/wiki/Rent_seeking" class="mw-redirect" title="Rent seeking">Rent seeking</a></li> <li><a href="/wiki/Supply_and_demand" title="Supply and demand">Supply and demand</a></li> <li><a href="/wiki/Surplus_value" title="Surplus value">Surplus value</a></li> <li><a href="/wiki/Value_(economics)" title="Value (economics)">Value</a></li> <li><a href="/wiki/Wage_labour" title="Wage labour">Wage labour</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Economic systems</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Anglo-Saxon_capitalism" class="mw-redirect" title="Anglo-Saxon capitalism">Anglo-Saxon</a></li> <li><a href="/wiki/Authoritarian_capitalism" title="Authoritarian capitalism">Authoritarian</a></li> <li><a href="/wiki/Corporate_capitalism" title="Corporate capitalism">Corporate</a></li> <li><a href="/wiki/Dirigisme" title="Dirigisme">Dirigist</a></li> <li><a href="/wiki/Free_market#General_principles" title="Free market">Free-market</a></li> <li><a href="/wiki/Humanistic_capitalism" title="Humanistic capitalism">Humanistic</a></li> <li><i><a href="/wiki/Laissez-faire_capitalism" class="mw-redirect" title="Laissez-faire capitalism">Laissez-faire</a></i></li> <li><a href="/wiki/Liberal_capitalism" class="mw-redirect" title="Liberal capitalism">Liberal</a></li> <li><a href="/wiki/Libertarian_capitalism" class="mw-redirect" title="Libertarian capitalism">Libertarian</a></li> <li><a href="/wiki/Market_capitalism" class="mw-redirect" title="Market capitalism">Market</a></li> <li><a href="/wiki/Mercantilism" title="Mercantilism">Mercantilist</a></li> <li><a href="/wiki/Mixed_capitalism" class="mw-redirect" title="Mixed capitalism">Mixed</a></li> <li><a href="/wiki/State_monopoly_capitalism" title="State monopoly capitalism">Monopoly</a></li> <li><a href="/wiki/National_capitalism" class="mw-redirect" title="National capitalism">National</a></li> <li><a href="/wiki/Neoliberalism" title="Neoliberalism">Neoliberal</a></li> <li><a href="/wiki/Nordic_capitalism" class="mw-redirect" title="Nordic capitalism">Nordic</a></li> <li><a href="/wiki/Anarcho-capitalism" title="Anarcho-capitalism">Private</a></li> <li><a href="/wiki/Raw_capitalism" class="mw-redirect" title="Raw capitalism">Raw</a></li> <li><a href="/wiki/Regulated_market" title="Regulated market">Regulated market</a></li> <li><a href="/wiki/Regulatory_capitalism" title="Regulatory capitalism">Regulatory</a></li> <li><a href="/wiki/Rhine_capitalism" class="mw-redirect" title="Rhine capitalism">Rhine</a></li> <li><a href="/wiki/Social_market_economy" title="Social market economy">Social</a></li> <li><a href="/wiki/State_capitalism" title="State capitalism">State</a></li> <li><a href="/wiki/State-sponsored_capitalism" class="mw-redirect" title="State-sponsored capitalism">State-sponsored</a></li> <li><a href="/wiki/Welfare_capitalism" title="Welfare capitalism">Welfare</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Economic theories</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/American_School_(economics)" title="American School (economics)">American</a></li> <li><a href="/wiki/Austrian_School" class="mw-redirect" title="Austrian School">Austrian</a></li> <li><a href="/wiki/Chartalism" title="Chartalism">Chartalism</a> <ul><li><a href="/wiki/Modern_Monetary_Theory" class="mw-redirect" title="Modern Monetary Theory">MMT</a></li></ul></li> <li><a href="/wiki/Chicago_school_of_economics" title="Chicago school of economics">Chicago</a></li> <li><a href="/wiki/Classical_economics" title="Classical economics">Classical</a></li> <li><a href="/wiki/Institutional_economics" title="Institutional economics">Institutional</a></li> <li><a href="/wiki/Keynesian_economics" title="Keynesian economics">Keynesian</a> <ul><li><a href="/wiki/Neo-Keynesian_economics" class="mw-redirect" title="Neo-Keynesian economics">Neo-</a></li> <li><a href="/wiki/New_Keynesian_economics" title="New Keynesian economics">New</a></li> <li><a href="/wiki/Post-Keynesian_economics" title="Post-Keynesian economics">Post-</a></li></ul></li> <li><a href="/wiki/Market_monetarism" title="Market monetarism">Market monetarism</a></li> <li><a href="/wiki/Critique_of_political_economy" title="Critique of political economy">Critique of political economy</a></li> <li><a href="/wiki/Critique_of_work" title="Critique of work">Critique of work</a></li> <li><a href="/wiki/Marxian_economics" title="Marxian economics">Marxist</a></li> <li><a href="/wiki/Monetarism" title="Monetarism">Monetarist</a></li> <li><a href="/wiki/Neoclassical_economics" title="Neoclassical economics">Neoclassical</a></li> <li><a href="/wiki/New_institutional_economics" title="New institutional economics">New institutional</a></li> <li><a href="/wiki/Supply-side_economics" title="Supply-side economics">Supply-side</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Origins</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Age_of_Enlightenment" title="Age of Enlightenment">Age of Enlightenment</a></li> <li><a href="/wiki/Capitalism_and_Islam" title="Capitalism and Islam">Capitalism and Islam</a></li> <li><a href="/wiki/Commercial_Revolution" class="mw-redirect" title="Commercial Revolution">Commercial Revolution</a></li> <li><a href="/wiki/Feudalism" title="Feudalism">Feudalism</a></li> <li><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">Industrial Revolution</a></li> <li><a href="/wiki/Mercantilism" title="Mercantilism">Mercantilism</a></li> <li><a href="/wiki/Primitive_accumulation_of_capital" title="Primitive accumulation of capital">Primitive accumulation</a></li> <li><a href="/wiki/Physiocracy" title="Physiocracy">Physiocracy</a></li> <li><a href="/wiki/Simple_commodity_production" title="Simple commodity production">Simple commodity production</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Development</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Advanced_capitalism" title="Advanced capitalism">Advanced</a></li> <li><a href="/wiki/Consumer_capitalism" title="Consumer capitalism">Consumer</a></li> <li><a href="/wiki/Community_capitalism" title="Community capitalism">Community</a></li> <li><a href="/wiki/Corporate_capitalism" title="Corporate capitalism">Corporate</a></li> <li><a href="/wiki/Crony_capitalism" title="Crony capitalism">Crony</a></li> <li><a href="/wiki/Finance_capitalism" title="Finance capitalism">Finance</a></li> <li><a href="/wiki/Global_capitalism" class="mw-redirect" title="Global capitalism">Global</a></li> <li><a href="/wiki/Authoritarian_capitalism" title="Authoritarian capitalism">Illiberal</a></li> <li><a href="/wiki/Late_capitalism" title="Late capitalism">Late</a></li> <li><a href="/wiki/Capitalist_mode_of_production_(Marxist_theory)" title="Capitalist mode of production (Marxist theory)">Marxist</a></li> <li><a href="/wiki/Merchant_capitalism" title="Merchant capitalism">Merchant</a></li> <li><a href="/wiki/Progressive_capitalism" title="Progressive capitalism">Progressive</a></li> <li><a href="/wiki/Rentier_capitalism" title="Rentier capitalism">Rentier</a></li> <li><a href="/wiki/State_monopoly_capitalism" title="State monopoly capitalism">State monopoly</a></li> <li><a href="/wiki/Technocapitalism" title="Technocapitalism">Technological</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Intellectuals</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Adam_Smith" title="Adam Smith">Smith</a></li> <li><a href="/wiki/John_Stuart_Mill" title="John Stuart Mill">Mill</a></li> <li><a href="/wiki/David_Ricardo" title="David Ricardo">Ricardo</a></li> <li><a href="/wiki/Thomas_Robert_Malthus" title="Thomas Robert Malthus">Malthus</a></li> <li><a href="/wiki/Jean-Baptiste_Say" title="Jean-Baptiste Say">Say</a></li> <li><a href="/wiki/Karl_Marx" title="Karl Marx">Marx</a></li> <li><a href="/wiki/Milton_Friedman" title="Milton Friedman">Friedman</a></li> <li><a href="/wiki/Friedrich_Hayek" title="Friedrich Hayek">Hayek</a></li> <li><a href="/wiki/John_Maynard_Keynes" title="John Maynard Keynes">Keynes</a></li> <li><a href="/wiki/Alfred_Marshall" title="Alfred Marshall">Marshall</a></li> <li><a href="/wiki/Vilfredo_Pareto" title="Vilfredo Pareto">Pareto</a></li> <li><a href="/wiki/L%C3%A9on_Walras" title="Léon Walras">Walras</a></li> <li><a href="/wiki/Ludwig_von_Mises" title="Ludwig von Mises">von Mises</a></li> <li><a href="/wiki/Ayn_Rand" title="Ayn Rand">Rand</a></li> <li><a href="/wiki/Murray_Rothbard" title="Murray Rothbard">Rothbard</a></li> <li><a href="/wiki/Joseph_Schumpeter" title="Joseph Schumpeter">Schumpeter</a></li> <li><a href="/wiki/Thorstein_Veblen" title="Thorstein Veblen">Veblen</a></li> <li><a href="/wiki/Richard_M._Weaver" title="Richard M. Weaver">Weaver</a></li> <li><a href="/wiki/Max_Weber" title="Max Weber">Weber</a></li> <li><a href="/wiki/Ronald_Coase" title="Ronald Coase">Coase</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Related topics</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Anti-capitalism" title="Anti-capitalism">Anti-capitalism</a></li> <li><a href="/wiki/Capitalist_propaganda" title="Capitalist propaganda">Capitalist propaganda</a></li> <li><a href="/wiki/Capitalist_realism" title="Capitalist realism">Capitalist realism</a></li> <li><a href="/wiki/Capitalist_state" title="Capitalist state">Capitalist state</a></li> <li><a href="/wiki/Consumerism" title="Consumerism">Consumerism</a></li> <li><a href="/wiki/Crisis_theory" title="Crisis theory">Crisis theory</a></li> <li><a href="/wiki/Criticism_of_capitalism" title="Criticism of capitalism">Criticism of capitalism</a></li> <li><a href="/wiki/Critique_of_political_economy" title="Critique of political economy">Critique of political economy</a></li> <li><a href="/wiki/Critique_of_work" title="Critique of work">Critique of work</a></li> <li><a href="/wiki/Cronyism" title="Cronyism">Cronyism</a></li> <li><a href="/wiki/Culture_of_capitalism" title="Culture of capitalism">Culture of capitalism</a></li> <li><a href="/wiki/Evergreening" title="Evergreening">Evergreening</a></li> <li><a href="/wiki/Exploitation_of_labour" title="Exploitation of labour">Exploitation of labour</a></li> <li><a href="/wiki/Globalization" title="Globalization">Globalization</a></li> <li><a href="/wiki/History_of_capitalism" title="History of capitalism">History</a></li> <li><a href="/wiki/History_of_capitalist_theory" title="History of capitalist theory">History of theory</a></li> <li><a href="/wiki/Market_economy" title="Market economy">Market economy</a></li> <li><a href="/wiki/Periodizations_of_capitalism" title="Periodizations of capitalism">Periodizations of capitalism</a></li> <li><a href="/wiki/Perspectives_on_capitalism" class="mw-redirect" title="Perspectives on capitalism">Perspectives on capitalism</a></li> <li><a href="/wiki/Post-capitalism" title="Post-capitalism">Post-capitalism</a></li> <li><a href="/wiki/Speculation" title="Speculation">Speculation</a></li> <li><a href="/wiki/Spontaneous_order" title="Spontaneous order">Spontaneous order</a></li> <li><a href="/wiki/Venture_philanthropy" title="Venture philanthropy">Venture philanthropy</a></li> <li><a href="/wiki/Wage_slavery" title="Wage slavery">Wage slavery</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;text-align:left;;color: var(--color-base)">Ideologies</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Anarcho-capitalism" title="Anarcho-capitalism">Anarcho</a></li> <li><a href="/wiki/Authoritarian_capitalism" title="Authoritarian capitalism">Authoritarian</a></li> <li><a href="/wiki/Classical_liberalism" title="Classical liberalism">Classical liberalism</a></li> <li><a href="/wiki/Democratic_capitalism" title="Democratic capitalism">Democratic</a></li> <li><a href="/wiki/Dirigisme" title="Dirigisme">Dirigisme</a></li> <li><a href="/wiki/Eco-capitalism" title="Eco-capitalism">Eco</a></li> <li><a href="/wiki/Humanistic_capitalism" title="Humanistic capitalism">Humanistic</a></li> <li><a href="/wiki/Inclusive_capitalism" title="Inclusive capitalism">Inclusive</a></li> <li><a href="/wiki/Liberal_capitalism" class="mw-redirect" title="Liberal capitalism">Liberal</a></li> <li><a href="/wiki/Liberalism" title="Liberalism">Liberalism</a></li> <li><a href="/wiki/Libertarian_capitalism" class="mw-redirect" title="Libertarian capitalism">Libertarian</a></li> <li><a href="/wiki/Neo-Capitalism" class="mw-redirect" title="Neo-Capitalism">Neo</a></li> <li><a href="/wiki/Neoliberalism" title="Neoliberalism">Neoliberalism</a></li> <li><a href="/wiki/Objectivism" title="Objectivism">Objectivism</a></li> <li><a href="/wiki/Ordoliberalism" title="Ordoliberalism">Ordoliberalism</a></li> <li><a href="/wiki/Privatism" title="Privatism">Privatism</a></li> <li><a href="/wiki/Right-libertarianism" title="Right-libertarianism">Right-libertarianism</a></li> <li><a href="/wiki/Third_Way" title="Third Way">Third Way</a></li></ul></div></div></td> </tr><tr><td class="sidebar-below plainlist"> <ul><li><span class="nowrap"><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Capitalismlogo.svg" class="mw-file-description"><img alt="icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Capitalismlogo.svg/16px-Capitalismlogo.svg.png" decoding="async" width="16" height="15" class="mw-file-element" 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href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1246091330"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><table class="sidebar sidebar-collapse nomobile nowraplinks"><tbody><tr><td class="sidebar-pretitle">Part of <a href="/wiki/Category:Economic_systems" title="Category:Economic systems">a series</a> on</td></tr><tr><th class="sidebar-title-with-pretitle" style="background:#efefef;padding:0.4em;"><a href="/wiki/Economic_system" title="Economic system">Economic systems</a></th></tr><tr><td class="sidebar-above"> <div class="center" style="width:auto; margin-left:auto; margin-right:auto;">Major types</div> <div class="hlist"> <ul><li><a href="/wiki/Capitalism" title="Capitalism">Capitalism</a></li> <li><a href="/wiki/Socialism" title="Socialism">Socialism</a></li> <li><a href="/wiki/Communism" title="Communism">Communism</a></li></ul> </div></td></tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">By ideology</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Associative_economics" title="Associative economics">Associative</a></li> <li><a href="/wiki/Capitalism" title="Capitalism">Capitalist</a> <ul><li><a href="/wiki/Corporate_capitalism" title="Corporate capitalism">Corporate</a></li> <li><a href="/wiki/Democratic_capitalism" title="Democratic capitalism">Democratic</a></li> <li><a href="/wiki/Laissez-faire" title="Laissez-faire">Laissez-faire</a></li> <li><a href="/wiki/Mercantilism" title="Mercantilism">Mercantilist</a></li> <li><a href="/wiki/Neoliberalism" title="Neoliberalism">Neoliberal</a></li> <li><a href="/wiki/Neomercantilism" title="Neomercantilism">Neomercantilist</a></li> <li><a href="/wiki/Protectionism" title="Protectionism">Protectionist</a></li> <li><a href="/wiki/Social_market_economy" title="Social market economy">Social market</a></li> <li><a href="/wiki/Welfare_capitalism" title="Welfare capitalism">Welfare</a></li></ul></li> <li><a href="/wiki/Economic_democracy" title="Economic democracy">Democratic</a></li> <li><a href="/wiki/Economics_of_fascism" title="Economics of fascism">Fascist</a></li> <li><a href="/wiki/Feminist_economics" title="Feminist economics">Feminist</a></li> <li><a href="/wiki/Georgism" title="Georgism">Georgist</a></li> <li><a href="/wiki/Green_economy" title="Green economy">Green</a></li> <li>Religious <ul><li><a href="/wiki/Buddhist_economics" title="Buddhist economics">Buddhist economics</a></li> <li><a href="/wiki/Christian_finance" title="Christian finance">Christian</a> <ul><li><a href="/wiki/Sabbath_economics" title="Sabbath economics">Sabbath economics</a></li></ul></li> <li><a href="/wiki/Islamic_economics" title="Islamic economics">Islamic</a></li></ul></li> <li><a href="/wiki/Socialist_economics" title="Socialist economics">Socialist</a> <ul><li><a href="/wiki/Communalism_(Bookchin)" class="mw-redirect" title="Communalism (Bookchin)">Communalist</a></li> <li><a href="/wiki/Communism" title="Communism">Communist</a></li> <li><a href="/wiki/Market_socialism" title="Market socialism">Market socialist</a></li> <li><a href="/wiki/Mutualism_(movement)" title="Mutualism (movement)">Mutualist</a></li> <li><a href="/wiki/Participatory_economics" title="Participatory economics">Participatory</a></li> <li><a href="/wiki/Socialist_market_economy" title="Socialist market economy">Socialist market</a></li> <li><a href="/wiki/Socialist-oriented_market_economy" title="Socialist-oriented market economy">Socialist-oriented market</a></li> <li><a href="/wiki/State_socialism" title="State socialism">State</a></li> <li><a href="/wiki/Syndicalism" title="Syndicalism">Syndicalist</a></li></ul></li> <li><a href="/wiki/State_capitalism" title="State capitalism">State capitalism</a></li> <li><a href="/wiki/Social_credit" title="Social credit">Social credit</a></li> <li><a href="/wiki/Distributism" title="Distributism">Distributist</a></li> <li>Traditionalist <ul><li><a href="/wiki/Corporatism" title="Corporatism">Corporatist</a></li> <li><a href="/wiki/Feudalism" title="Feudalism">Feudalism</a></li></ul></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">By coordination</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Autarky" title="Autarky">Closed (autarky)</a></li> <li><a href="/wiki/Decentralized_planning_(economics)" class="mw-redirect" title="Decentralized planning (economics)">Decentralized</a></li> <li><a href="/wiki/Digital_economy" title="Digital economy">Digital</a></li> <li><a href="/wiki/Dirigisme" title="Dirigisme">Dirigist</a></li> <li><a href="/wiki/Dual_economy" title="Dual economy">Dual</a></li> <li><a href="/wiki/Gift_economy" title="Gift economy">Gift</a></li> <li><a href="/wiki/Informal_sector" class="mw-redirect" title="Informal sector">Informal</a></li> <li><a href="/wiki/Market_economy" title="Market economy">Market</a></li> <li><a href="/wiki/Mixed_economy" title="Mixed economy">Mixed</a></li> <li><a href="/wiki/Natural_economy" title="Natural economy">Natural</a></li> <li><a href="/wiki/Open_economy" title="Open economy">Open</a></li> <li><a href="/wiki/Planned_economy" title="Planned economy">Planned</a></li> <li><a href="/wiki/Robinson_Crusoe_economy" title="Robinson Crusoe economy">Robinson Crusoe</a></li> <li><a href="/wiki/Sharing_economy" title="Sharing economy">Sharing</a></li> <li><a href="/wiki/Subsistence_economy" title="Subsistence economy">Subsistence</a></li> <li><a href="/wiki/Black_market" title="Black market">Underground</a></li> <li><a href="/wiki/Vertical_archipelago" title="Vertical archipelago">Vertical archipelago</a></li> <li><a href="/wiki/Virtual_economy" title="Virtual economy">Virtual</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">By regional model</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li>Asian <ul><li><a href="/wiki/East_Asian_model_of_capitalism" class="mw-redirect" title="East Asian model of capitalism">East Asian</a></li> <li><a href="/wiki/Beijing_Consensus" title="Beijing Consensus">Chinese</a></li> <li><a href="/wiki/Economy_of_Singapore" title="Economy of Singapore">Singaporean</a></li> <li><a href="/wiki/Kerala_model" title="Kerala model">Keralan</a></li></ul></li> <li>European <ul><li><a href="/wiki/Anglo-Saxon_model" title="Anglo-Saxon model">Anglo-Saxon</a></li> <li><a href="/wiki/German_model" title="German model">German</a></li> <li><a href="/wiki/Nordic_model" title="Nordic model">Nordic</a></li> <li><a href="/wiki/Polder_model" title="Polder model">Dutch</a></li> <li><a href="/wiki/Social_market_economy" title="Social market economy">Rhenish</a></li> <li><a href="/wiki/Soviet-type_economic_planning" title="Soviet-type economic planning">Soviet</a></li></ul></li> <li>Latin America <ul><li><a href="/wiki/Socialism_of_the_21st_century" title="Socialism of the 21st century">Socialism of the 21st century</a></li></ul></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">Sectors</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Common_ownership" title="Common ownership">Common ownership</a></li> <li><a href="/wiki/Private_sector" title="Private sector">Private</a></li> <li><a href="/wiki/Public_sector" title="Public sector">Public</a></li> <li><a href="/wiki/Voluntary_sector" title="Voluntary sector">Voluntary</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">Property types</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Collective_ownership" title="Collective ownership">Collective ownership</a></li> <li><a href="/wiki/Commons" title="Commons">Commons</a> (<a href="/wiki/Common_ownership" title="Common ownership">Common ownership</a>)</li> <li><a href="/wiki/Private_property" title="Private property">Private property</a></li> <li><a href="/wiki/State_ownership" title="State ownership">State ownership</a></li> <li><a href="/wiki/Social_ownership" title="Social ownership">Social ownership</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">Transition</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Collective_farming" title="Collective farming">Collectivization</a></li> <li><a href="/wiki/Communization" title="Communization">Communization</a></li> <li><a href="/wiki/Corporatization" title="Corporatization">Corporatization</a></li> <li><a href="/wiki/Demutualization" title="Demutualization">Demutualization</a></li> <li><a href="/wiki/Deregulation" title="Deregulation">Deregulation</a></li> <li><a href="/wiki/Expropriation" class="mw-redirect" title="Expropriation">Expropriation</a></li> <li><a href="/wiki/Financialization" title="Financialization">Financialization</a></li> <li><a href="/wiki/Liberalization" title="Liberalization">Liberalization</a></li> <li><a href="/wiki/Marketization" title="Marketization">Marketization</a></li> <li><a href="/wiki/Municipalization" title="Municipalization">Municipalization</a></li> <li><a href="/wiki/Mutualization" class="mw-redirect" title="Mutualization">Mutualization</a></li> <li><a href="/wiki/Nationalization" title="Nationalization">Nationalization</a></li> <li><a href="/wiki/Privatization" title="Privatization">Privatization</a></li> <li><a href="/wiki/Socialization_(economics)" class="mw-redirect" title="Socialization (economics)">Socialization</a> <ul><li><a href="/wiki/Socialization_(Marxism)" title="Socialization (Marxism)">Marxist</a></li></ul></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">Coordination</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Barter" title="Barter">Barter</a></li> <li><a href="/wiki/Market_(economics)" title="Market (economics)">Market</a> <ul><li><a href="/wiki/Free_market" title="Free market">Free</a></li> <li><a href="/wiki/Open_market" title="Open market">Open</a></li> <li><a href="/wiki/Regulated_market" title="Regulated market">Regulated</a></li></ul></li> <li><a href="/wiki/Economic_planning" title="Economic planning">Planning</a> <ul><li><a href="/wiki/Calculation_in_kind" title="Calculation in kind">In kind</a></li> <li><a href="/wiki/Cybernetics" title="Cybernetics">Cybernetics</a></li> <li><a href="/wiki/Indicative_planning" title="Indicative planning">Indicative</a></li> <li><a href="/wiki/Material_balance_planning" title="Material balance planning">Material balancing</a></li></ul></li> <li><a href="/wiki/Price_system" title="Price system">Price</a></li> <li><a href="/wiki/Self-managed_economy" class="mw-redirect" title="Self-managed economy">Self-managed</a> <ul><li><a href="/wiki/Social_peer-to-peer_processes#P2P_economic_system" class="mw-redirect" title="Social peer-to-peer processes">Peer-to-peer</a></li> <li><a href="/wiki/Sharing_economy" title="Sharing economy">Sharing</a></li> <li><a href="/wiki/Open_access" title="Open access">Open access</a></li></ul></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#efefef;border-top:1px solid #aaa;text-align:left;;color: var(--color-base)">Other types</div><div class="sidebar-list-content mw-collapsible-content hlist"> <ul><li><a href="/wiki/Commons-based_peer_production" title="Commons-based peer production">Commons-based peer production</a></li> <li><a href="/wiki/Expeditionary_economics" title="Expeditionary economics">Expeditionary</a></li> <li><a href="/wiki/Hunter-gatherer" title="Hunter-gatherer">Hunter-gatherer</a></li> <li><a href="/wiki/Inclusive_Democracy" class="mw-redirect" title="Inclusive Democracy">Inclusive Democracy</a></li> <li><a href="/wiki/Information_economy" title="Information economy">Information</a></li> <li><a href="/wiki/Manorialism" title="Manorialism">Manorialism</a></li> <li><a href="/wiki/Newly_industrialized_country" title="Newly industrialized country">Newly industrialized</a></li> <li><a href="/wiki/Palace_economy" title="Palace economy">Palace</a></li> <li><a href="/wiki/Plantation_economy" title="Plantation economy">Plantation</a></li> <li><a href="/wiki/Plutonomy" title="Plutonomy">Plutonomy</a></li> <li><a href="/wiki/Post-capitalism" title="Post-capitalism">Post-capitalist</a></li> <li><a href="/wiki/Post-industrial_economy" title="Post-industrial economy">Post-industrial</a></li> <li><a href="/wiki/Post-scarcity_economy" class="mw-redirect" title="Post-scarcity economy">Post-scarcity</a></li> <li><a href="/wiki/Resource-based_economy" title="Resource-based economy">Resource-based</a></li> <li><a href="/wiki/Token_economy" title="Token economy">Token</a></li> <li><a href="/wiki/Traditional_economy" title="Traditional economy">Traditional</a></li> <li><a href="/wiki/Transition_economy" title="Transition economy">Transition</a></li> <li><a href="/wiki/World_economy" title="World economy">World</a></li></ul></div></div></td> </tr><tr><td class="sidebar-below plainlist" style="line-height:1.2em;font-weight:bold;"> <ul><li><span class="nowrap"><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Emblem-money.svg" class="mw-file-description"><img alt="icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/16px-Emblem-money.svg.png" decoding="async" width="16" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/24px-Emblem-money.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/32px-Emblem-money.svg.png 2x" data-file-width="48" data-file-height="48" /></a></span> </span><a href="/wiki/Portal:Business_and_economics" class="mw-redirect" title="Portal:Business and economics">Business and economics portal</a></li></ul></td></tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Economic_systems_sidebar" title="Template:Economic systems sidebar"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Economic_systems_sidebar" title="Template talk:Economic systems sidebar"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Economic_systems_sidebar" title="Special:EditPage/Template:Economic systems sidebar"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>The <b>East Asian model</b>,<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> pioneered by <a href="/wiki/Japan" title="Japan">Japan</a>, is a plan for <a href="/wiki/Economic_growth" title="Economic growth">economic growth</a> whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the <a href="/wiki/Private_sector" title="Private sector">private sector</a>. It generally refers to the model of development pursued in <a href="/wiki/Economy_of_East_Asia" title="Economy of East Asia">East Asian economies</a> such as <a href="/wiki/Economy_of_Japan" title="Economy of Japan">Japan</a>, <a href="/wiki/Economy_of_South_Korea" title="Economy of South Korea">South Korea</a>, <a href="/wiki/Economy_of_Hong_Kong" title="Economy of Hong Kong">Hong Kong</a> and <a href="/wiki/Economy_of_Taiwan" title="Economy of Taiwan">Taiwan</a>.<sup id="cite_ref-An_East_Asian_Model_of_Economic_Development:_Japan,_Taiwan_and_South_Korea,_1988_2-0" class="reference"><a href="#cite_note-An_East_Asian_Model_of_Economic_Development:_Japan,_Taiwan_and_South_Korea,_1988-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> It has also been used by some to describe the contemporary economic system in <a href="/wiki/Economy_of_China" title="Economy of China">Mainland China</a> after <a href="/wiki/Deng_Xiaoping" title="Deng Xiaoping">Deng Xiaoping</a>'s <a href="/wiki/Chinese_economic_reform" title="Chinese economic reform">economic reforms</a> during the late 1970s<sup id="cite_ref-Does_China_follow_the_'East_Asian_Development_Model'?,_2005_3-0" class="reference"><a href="#cite_note-Does_China_follow_the_'East_Asian_Development_Model'?,_2005-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> and the current economic system of <a href="/wiki/Economy_of_Vietnam" title="Economy of Vietnam">Vietnam</a> after its <a href="/wiki/%C4%90%E1%BB%95i_M%E1%BB%9Bi" title="Đổi Mới">Đổi Mới</a> policy was implemented in 1986.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> Generally, as a country becomes more developed, the most common employment industry transitions from <a href="/wiki/Agriculture" title="Agriculture">agriculture</a> to <a href="/wiki/Manufacturing" title="Manufacturing">manufacturing</a>, and then to <a href="/wiki/Service_industry" class="mw-redirect" title="Service industry">services</a>.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>The main shared approach of East Asian economies is the role of the government. For East Asian governments have recognized the limitations of markets in allocation of scarce resources in the economy, thus the governments have used interventions to promote economic development.<sup id="cite_ref-:0_6-0" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> They include state control of finance, direct support for state-owned enterprises in strategic sectors of the economy or the creation of privately owned <a href="/wiki/National_champions" title="National champions">national champions</a>, high dependence on the export market for growth, and a high rate of savings. It is similar to <a href="/wiki/Dirigisme" title="Dirigisme">dirigisme</a>, <a href="/wiki/Neomercantilism" title="Neomercantilism">neomercantilism</a>, and <a href="/wiki/Hamiltonian_economic_program" title="Hamiltonian economic program">Hamiltonian economics</a>.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>Although there is a common theme, there is not one single approach to the economies of Asian countries, and it widely varies in economic structure as well as development experiences among the East Asian economies, especially between Northeast and Southeast Asian countries<sup id="cite_ref-:0_6-1" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> (e.g. Malaysia, Indonesia and Thailand relied much more on FDI (Foreign Direct Investment) than Taiwan or Singapore).<sup id="cite_ref-:1_9-0" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Success_of_the_model">Success of the model</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=1" title="Edit section: Success of the model"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>East Asian countries saw rapid economic growth from the end of the Second World War to the East Asian financial crisis in 1997. For instance, the percentage of annual average growth between 1970-96 was 3-5% in China, Hong Kong, Taiwan, South Korea and Singapore.<sup id="cite_ref-:0_6-2" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> Within this period, developing East Asian countries were growing at three times the rate of growth of the world economy.<sup id="cite_ref-:1_9-1" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> Hence these countries attracted a significant amount of foreign and private capital inflows.<sup id="cite_ref-:0_6-3" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> During this period, East Asian countries also achieved dramatic reductions in poverty; the greatest example is Indonesia, where the percentage of people living below the official poverty line fell from 60% to 12% between 1970 and 1996. Furthermore, Indonesia's population increased from 117 to 200 million. Equally impressive is the growth of real wages between 1980 and 1992, with average wages in newly industrialized Asian countries increasing at a rate of 5 percent a year, whereas at the same time employment in manufacturing increased by 6 percent a year. The growth period in East Asian countries saw a large improvement in overall standards of living.<sup id="cite_ref-:1_9-2" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Causes_of_GDP_growth">Causes of GDP growth</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=2" title="Edit section: Causes of GDP growth"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Behind this success is export-oriented economies which brought high foreign direct investment and greater technological developments which caused significant growth of GDP. Big companies like LG, Hyundai, Samsung etc. were successful due to huge government support and its intervention into the banking sector in order to direct banks to give credit to big companies. The governments in those countries were crucial in controlling trade unions, provisions, justice and also in providing necessary public infrastructure (roads, electricity, good education etc.). All this just made these countries more attractive for foreign investors. Along investors, Asian countries got foreign aid from the West (especially from the <a href="/wiki/United_States" title="United States">United States</a> in order to discourage communism as a Cold War Containment policy) and get better access to the Western markets.<sup id="cite_ref-:0_6-4" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Examples">Examples</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=3" title="Edit section: Examples"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>"Eight countries in East Asia–Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia–have become known as the East Asian miracle."<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Beside successes of the East Asian economy mentioned above in the success of the model, there are two other examples why they are called 'Asian miracles'. </p> <ul><li><b>Japan:</b> The East Asian model of capitalism was first used in Japan after The Second World War in 1950. After war and American occupation, recovered Japan was considered a developing country (e.g. In 1952 Japan had lower total export value than India). The main development was between 1950 and 1980. It took Japan about 25 years, a non-competitive country (in steel production), to overcome Germany in producing cars (Germany was at that time the largest exporter of automobiles in the world). 5 years later, Japan produced more automobiles than the US. In a post-war period, the Korean War (1950-1953) can be seen as a turning point for the Japanese economy, as the country moved from depression to economic recovery. Japan, being occupied by the US military, was a staging place for the US-led United Nations forces deployed in the Korean peninsula. The country found itself in a good position to make a profit as Japanese goods and services were procured by the UN troops. This, along with economic reform, gave an initial boost for the economy that would experience rapid growth for the next half-century. In the 1950s and early 1960s average annual growth rates were around 10% and later will even climb to 13%. In the early post-war years Japan initiated economic reform, <a href="/wiki/Zaibatsu" title="Zaibatsu">Zaibatsu</a> corporations were dismantled, empowering small agricultural producers to earn profit as opposed to the pre-war years where big land lords were owners of agricultural land. In 1960s Japan developed a consumer-oriented economy, with industry orienting towards production of high-quality technological products aimed for export, as well as the domestic market. Japanese exports rose rapidly and in subsequent years it became a world leader in car manufacturing, shipbuilding, precision optical devices, and high technology. Beginning in 1965 Japan started having a trade surplus and the next decade saw Japan having the third-largest gross national product in the world. In the 1970s the growth will significantly slow down partly due to the oil crisis, as the country was heavily dependent on oil and food imports. In the 1980s Japan diversified its raw material sources, due to economic misfortunes of the previous decade, and shifted its production’s emphasis towards telecommunication and computer technologies. Even though Japanese economic expansion ended in the early 1990s, today Japan is the leader in highly sophisticated technology along with its traditional heavy industry products. Tokyo is one of the world's most important financial centres, home to the Japan Stock Exchange Group's Tokyo Stock Exchange and Tokyo Commodity Exchange, among others.</li></ul> <ul><li><b>Korea:</b> Korea followed Japan and despite its lower industrial development, was in nearly 40 years able to compete in chip manufacturing, surpassing the United States. In the 1950s South Korea was one of the poorest countries in the world, heavily dependent on foreign help, provided mostly by the US. Beginning in the early 1960s, the country’s autocratic leadership initiated economic development reforms that paved the way for rapid economic expansion. Heavy protectionist policies only allowed imports of raw materials, which initiated domestic production of consumer goods. By 1990 average annual growth was around 9%. Family businesses (chaebol) that turned into big conglomerates (i.e. Samsung, Hyundai) had government financial help, for instance in a form of tax breaks, thus spearheading economic growth. South Korea became a highly industrialised country with a skilled workforce and along with Taiwan, Singapore and Hong Kong ended up being one of the Four Asian Tigers. However, in the 1990s economic growth significantly slowed, which resulted in huge financial aid from the <a href="/wiki/International_Monetary_Fund" title="International Monetary Fund">International Monetary Fund</a> of 57 billion USD, which was the IMF’s largest intervention. In the early 21st century South Korea enjoyed a stable economy and the country initiated slow liberalisation.<sup id="cite_ref-:1_9-3" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Ersatz_capitalism">Ersatz capitalism</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=4" title="Edit section: Ersatz capitalism"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Ersatz capitalism is <a href="/w/index.php?title=Kunio_Yoshihara&action=edit&redlink=1" class="new" title="Kunio Yoshihara (page does not exist)">Kunio Yoshihara</a>'s analysis of Southeast Asian economic development as a sort of 'pseudo-capitalism', referring to governments and businesses pushing their citizens to undertake economic activities that provide their country comparative advantage. These activities include capital investments and technologically intensive production.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Crisis">Crisis</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=5" title="Edit section: Crisis"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Besides many secondary actors in bringing out a crisis (such as a property price bubble, macroeconomic mistakes or a fall in a rate of growth of experts) the core of the crisis was in The East Asian model itself. The over-investment, misallocation of foreign capital inflows<sup id="cite_ref-:1_9-4" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> (big corporations getting money from each other, whether investment was sufficient or not),<sup id="cite_ref-:0_6-5" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> and other problems in the financial sector.<sup id="cite_ref-:1_9-5" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> Another side of the government-controlled market was massive corruption,<sup id="cite_ref-:0_6-6" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> which was due to close relationship between government and business.<sup id="cite_ref-:1_9-6" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> This so called “crony capitalism” (which means influence of government and businessmen) led to a crisis of confidence in the economies, firstly in Thailand and then other Asian countries, causing the financial crisis in 1997. Because of the crisis GDP and exports collapsed, unemployment & inflation both went up, and as result of all this the governments accumulated huge foreign debt. <sup id="cite_ref-:0_6-7" class="reference"><a href="#cite_note-:0-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Limitations">Limitations</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=6" title="Edit section: Limitations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Japan" title="Japan">Japan</a>: The ongoing and deepening economic malaise of Japan reveals the potential failures of a model pioneered by Japan. In an article entitled The "Hidden" Side of the "Flying-Geese" Model of Catch-Up Growth: Japan's Dirigiste Institutional Setup and a Deepening Financial Morass, author Terutomo Ozawa explains that Japan's initial economic success was directly caused by the same factors that have led to its stagnation. Indeed, the country has faced and continues to face three decades of economic stagnation that has led to what has been called the <a href="/wiki/Lost_Decades" title="Lost Decades">Lost Decades</a> and shows no current signs of ending. </p><p><a href="/wiki/South_Korea" title="South Korea">South Korea</a>: Due to government interventions such as directed credits, regulations, explicit and implicit subsidies, the market had a lack of discipline which has contributed to the problem of unproductive or excessive investment which had contributed in causing the crisis.<sup id="cite_ref-:1_9-7" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/Indonesia" title="Indonesia">Indonesia</a>: "Trade restriction, import monopolies and regulations have impeded economic efficiency, competitiveness, reduced the quality and productivity of investment.” <sup id="cite_ref-:1_9-8" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/Thailand" title="Thailand">Thailand</a>: Political connectivity with the market have led to giving priority to political affairs at the expense of the economic decisions. For instance, delaying the implementation of necessary policy measures due to the general election in November 1996. In this and other cases, special interest has often influenced the allocation of budgetary resources and other public policy actions. </p><p>Overall in a number of countries, there were inadequate disclosure of information and data deficiencies, direct lending. In general, there has also often been a lack of transparency in policy implementation, for example decisions with regards to public infrastructure projects and ad hoc tax exemptions.<sup id="cite_ref-:1_9-9" class="reference"><a href="#cite_note-:1-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=7" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/American_School_(economics)" title="American School (economics)">American school (economics)</a></li> <li><a href="/wiki/Autarky" title="Autarky">Autarky</a></li> <li><a href="/wiki/Corporatism" title="Corporatism">Corporatism</a></li> <li><a href="/wiki/Chinese_economic_reform" title="Chinese economic reform">Chinese economic reform</a></li> <li><a href="/wiki/Chinese_model" class="mw-redirect" title="Chinese model">Chinese model</a></li> <li><a href="/wiki/Developmental_state" title="Developmental state">Developmental state</a></li> <li><a href="/wiki/Dirigisme" title="Dirigisme">Dirigisme</a></li> <li><a href="/wiki/Economic_interventionism" class="mw-redirect" title="Economic interventionism">Economic interventionism</a></li> <li><a href="/wiki/Four_Asian_Tigers" title="Four Asian Tigers">Four Asian Tigers</a></li> <li><a href="/wiki/Tiger_Cub_Economies" title="Tiger Cub Economies">Tiger Cub Economies</a></li> <li><a href="/wiki/Nordic_model" title="Nordic model">Nordic model</a></li> <li><a href="/wiki/Singapore_model" class="mw-redirect" title="Singapore model">Singapore model</a></li> <li><a href="/wiki/State_capitalism" title="State capitalism">State capitalism</a></li> <li><a href="/wiki/Hamiltonian_economic_program" title="Hamiltonian economic program">Hamiltonian economic program</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="Further_reading">Further reading</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=8" title="Edit section: Further reading"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Kristen E. Looney. 2021. "<a rel="nofollow" class="external text" href="https://www.cambridge.org/core/journals/world-politics/article/abs/mobilization-campaigns-and-rural-development/6D3CCCE4F1203AD70D4312B0428369A2">Mobilization Campaigns and Rural Development: The East Asian Model Reconsidered.</a>" <i>World Politics</i>.</li> <li>Shiping Hua, Ruihua Hu. 2015. East Asian Development Model</li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=East_Asian_model&action=edit&section=9" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFChun2013" class="citation book cs1">Chun, Lin (5 December 2013). <i>China and Global Capitalism</i>. 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"Does China follow 'the East Asian development model'?". <i>Journal of Contemporary Asia</i>. <b>35</b> (4): 485–498. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<a rel="nofollow" class="external text" href="https://doi.org/10.1080%2F00472330580000281">10.1080/00472330580000281</a>. <a href="/wiki/S2CID_(identifier)" class="mw-redirect" title="S2CID (identifier)">S2CID</a> <a rel="nofollow" class="external text" href="https://api.semanticscholar.org/CorpusID:154114721">154114721</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Journal+of+Contemporary+Asia&rft.atitle=Does+China+follow+%27the+East+Asian+development+model%27%3F&rft.volume=35&rft.issue=4&rft.pages=485-498&rft.date=2005-01&rft_id=info%3Adoi%2F10.1080%2F00472330580000281&rft_id=https%3A%2F%2Fapi.semanticscholar.org%2FCorpusID%3A154114721%23id-name%3DS2CID&rft.aulast=Baek&rft.aufirst=Seung-Wook&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEast+Asian+model" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"> Leonardo Baccini, Giammario Impullitti, <a href="/wiki/Edmund_Malesky" title="Edmund Malesky">Edmund Malesky</a>, "Globalisation and state capitalism: Assessing the effects of Vietnam’s WTO entry" <a rel="nofollow" class="external text" href="https://voxeu.org/article/globalisation-and-state-capitalism"><i>Vox EU</i> 17 May 2019</a><a rel="nofollow" class="external text" href="https://web.archive.org/web/20150324185135/https://voxeu.org/article/globalisation-and-state-capitalism">Archived</a> 24 March 2015 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSawada2023" class="citation cs2">Sawada, Yasuyuki (2023), Estudillo, Jonna P.; 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Maasoglu, Yasar; Maasoglu, Nahide (8 January 2014). <a rel="nofollow" class="external text" href="https://doi.org/10.1016%2Fj.sbspro.2013.12.606">"The East Asian Model of Economic Development and Developing Countries"</a>. <i>Procedia - Social and Behavioral Sciences</i>. <b>109</b>: 1168–1173. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1016%2Fj.sbspro.2013.12.606">10.1016/j.sbspro.2013.12.606</a></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Procedia+-+Social+and+Behavioral+Sciences&rft.atitle=The+East+Asian+Model+of+Economic+Development+and+Developing+Countries&rft.volume=109&rft.pages=1168-1173&rft.date=2014-01-08&rft_id=info%3Adoi%2F10.1016%2Fj.sbspro.2013.12.606&rft.aulast=Danju&rft.aufirst=Ipek&rft.au=Maasoglu%2C+Yasar&rft.au=Maasoglu%2C+Nahide&rft_id=https%3A%2F%2Fdoi.org%2F10.1016%252Fj.sbspro.2013.12.606&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEast+Asian+model" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><a href="/wiki/Peter_L._Berger" title="Peter L. Berger">Berger, Peter L.</a> "The Asian Experience & Caribbean Development." Worldview 27, no. 10 (1984): 4-7.</span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text">Schmidt, Johannes Dragsbaek. "Models of Dirigisme in East Asia: Perspectives for Eastern Europe." In The Aftermath of ‘Real Existing Socialism’in Eastern Europe, pp. 196-216. Palgrave Macmillan, London, 1996.</span> </li> <li id="cite_note-:1-9"><span class="mw-cite-backlink">^ <a href="#cite_ref-:1_9-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:1_9-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-:1_9-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-:1_9-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-:1_9-4"><sup><i><b>e</b></i></sup></a> <a href="#cite_ref-:1_9-5"><sup><i><b>f</b></i></sup></a> <a href="#cite_ref-:1_9-6"><sup><i><b>g</b></i></sup></a> <a href="#cite_ref-:1_9-7"><sup><i><b>h</b></i></sup></a> <a href="#cite_ref-:1_9-8"><sup><i><b>i</b></i></sup></a> <a href="#cite_ref-:1_9-9"><sup><i><b>j</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSingh2002" class="citation book cs1"><a href="/wiki/Ajit_Singh_(economist)" title="Ajit Singh (economist)">Singh, Ajit</a> (2002). <a rel="nofollow" class="external text" href="https://mpra.ub.uni-muenchen.de/54932/">"Asian capitalism and the financial crisis"</a>. In <a href="/wiki/John_Eatwell,_Baron_Eatwell" title="John Eatwell, Baron Eatwell">Eatwell, John</a>; <a href="/wiki/Lance_Taylor_(economist)" title="Lance Taylor (economist)">Taylor, Lance</a> (eds.). <i>International Capital Markets: Systems in Transition</i>. Oxford University Press. pp. 339–368. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-19-514765-0" title="Special:BookSources/978-0-19-514765-0"><bdi>978-0-19-514765-0</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=bookitem&rft.atitle=Asian+capitalism+and+the+financial+crisis&rft.btitle=International+Capital+Markets%3A+Systems+in+Transition&rft.pages=339-368&rft.pub=Oxford+University+Press&rft.date=2002&rft.isbn=978-0-19-514765-0&rft.aulast=Singh&rft.aufirst=Ajit&rft_id=https%3A%2F%2Fmpra.ub.uni-muenchen.de%2F54932%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEast+Asian+model" class="Z3988"></span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCamposRoot2001" class="citation book cs1">Campos, Jose Edgardo; <a href="/wiki/Hilton_Root" title="Hilton Root">Root, Hilton L.</a> (2001). <i>The Key to the Asian Miracle: Making Shared Growth Credible</i>. Brookings Institution Press. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-8157-2303-5" title="Special:BookSources/978-0-8157-2303-5"><bdi>978-0-8157-2303-5</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Key+to+the+Asian+Miracle%3A+Making+Shared+Growth+Credible&rft.pub=Brookings+Institution+Press&rft.date=2001&rft.isbn=978-0-8157-2303-5&rft.aulast=Campos&rft.aufirst=Jose+Edgardo&rft.au=Root%2C+Hilton+L.&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEast+Asian+model" class="Z3988"></span><sup class="noprint Inline-Template" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources"><span title="This citation requires a reference to the specific page or range of pages in which the material appears. (April 2020)">page needed</span></a></i>]</sup></span> </li> <li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text">Kunio Yoshihara, <i>The Rise of Ersatz Capitalism in South-East Asia</i>, <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-19-588888-1" title="Special:BookSources/978-0-19-588888-1">978-0-19-588888-1</a>, <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-19-588885-0" title="Special:BookSources/978-0-19-588885-0">978-0-19-588885-0</a></span> </li> </ol></div></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1236075235">.mw-parser-output .navbox{box-sizing:border-box;border:1px solid #a2a9b1;width:100%;clear:both;font-size:88%;text-align:center;padding:1px;margin:1em auto 0}.mw-parser-output .navbox .navbox{margin-top:0}.mw-parser-output .navbox+.navbox,.mw-parser-output .navbox+.navbox-styles+.navbox{margin-top:-1px}.mw-parser-output .navbox-inner,.mw-parser-output .navbox-subgroup{width:100%}.mw-parser-output .navbox-group,.mw-parser-output .navbox-title,.mw-parser-output .navbox-abovebelow{padding:0.25em 1em;line-height:1.5em;text-align:center}.mw-parser-output .navbox-group{white-space:nowrap;text-align:right}.mw-parser-output .navbox,.mw-parser-output .navbox-subgroup{background-color:#fdfdfd}.mw-parser-output .navbox-list{line-height:1.5em;border-color:#fdfdfd}.mw-parser-output .navbox-list-with-group{text-align:left;border-left-width:2px;border-left-style:solid}.mw-parser-output tr+tr>.navbox-abovebelow,.mw-parser-output tr+tr>.navbox-group,.mw-parser-output tr+tr>.navbox-image,.mw-parser-output tr+tr>.navbox-list{border-top:2px solid #fdfdfd}.mw-parser-output .navbox-title{background-color:#ccf}.mw-parser-output .navbox-abovebelow,.mw-parser-output .navbox-group,.mw-parser-output .navbox-subgroup .navbox-title{background-color:#ddf}.mw-parser-output .navbox-subgroup .navbox-group,.mw-parser-output .navbox-subgroup .navbox-abovebelow{background-color:#e6e6ff}.mw-parser-output .navbox-even{background-color:#f7f7f7}.mw-parser-output .navbox-odd{background-color:transparent}.mw-parser-output .navbox .hlist td dl,.mw-parser-output .navbox .hlist td ol,.mw-parser-output .navbox .hlist td ul,.mw-parser-output .navbox td.hlist dl,.mw-parser-output .navbox td.hlist ol,.mw-parser-output .navbox td.hlist ul{padding:0.125em 0}.mw-parser-output .navbox .navbar{display:block;font-size:100%}.mw-parser-output .navbox-title .navbar{float:left;text-align:left;margin-right:0.5em}body.skin--responsive .mw-parser-output .navbox-image img{max-width:none!important}@media print{body.ns-0 .mw-parser-output .navbox{display:none!important}}</style></div><div role="navigation" class="navbox" aria-labelledby="East_Asia" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="3"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:East_Asian_topics" title="Template:East Asian topics"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:East_Asian_topics" title="Template talk:East Asian topics"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a 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<li><a href="/wiki/Mongolia" title="Mongolia">Mongolia</a></li> <li><a href="/wiki/North_Korea" title="North Korea">North Korea</a></li> <li><a href="/wiki/South_Korea" title="South Korea">South Korea</a> <ul><li><a href="/wiki/Jeju_Province" title="Jeju Province">Jeju</a></li></ul></li> <li><a href="/wiki/Taiwan" title="Taiwan">Taiwan</a></li></ul> </div></td><td class="noviewer navbox-image" rowspan="10" style="width:1px;padding:0 0 0 2px"><div><span typeof="mw:File"><a href="/wiki/East_Asia" title="East Asia"><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/a/ab/East_Asia_%28orthographic_projection%29.svg/80px-East_Asia_%28orthographic_projection%29.svg.png" decoding="async" width="80" height="80" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/a/ab/East_Asia_%28orthographic_projection%29.svg/120px-East_Asia_%28orthographic_projection%29.svg.png 1.5x, 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title="Koreans">Koreans</a> <ul><li><a href="/wiki/Koreans_in_China" title="Koreans in China">in China</a></li> <li><a href="/wiki/Koreans_in_Japan" title="Koreans in Japan">in Japan</a></li> <li><a href="/wiki/Sakhalin_Koreans" title="Sakhalin Koreans">in Sakhalin</a></li></ul></li> <li><a href="/wiki/Manchu_people" title="Manchu people">Manchu</a></li> <li><a href="/wiki/Miao_people" title="Miao people">Miao</a></li> <li><a href="/wiki/Mongolic_peoples" title="Mongolic peoples">Mongolic</a> <ul><li><a href="/wiki/Mongols" title="Mongols">Mongols</a> <ul><li><a href="/wiki/Mongols_in_China" title="Mongols in China">in China</a></li> <li><a href="/wiki/Khalkha_Mongols" title="Khalkha Mongols">Khalkha in Mongolia</a></li></ul></li></ul></li> <li><a href="/wiki/Qiang_people" title="Qiang people">Qiang</a></li> <li><a href="/wiki/Ryukyuan_people" title="Ryukyuan people">Ryukyuans</a></li> <li><a href="/wiki/Taiwanese_indigenous_peoples" title="Taiwanese indigenous peoples">Indigenous Taiwanese</a></li> <li><a href="/wiki/Tibetan_people" title="Tibetan people">Tibetans</a></li> <li><a href="/wiki/Tujia_people" title="Tujia people">Tujia</a></li> <li><a href="/wiki/Uyghurs" title="Uyghurs">Uyghurs</a></li> <li><a href="/wiki/Yi_people" title="Yi people">Yi</a></li> <li><a href="/wiki/Zhuang_people" title="Zhuang people">Zhuang</a></li> <li><a href="/wiki/List_of_ethnic_groups_in_China" title="List of ethnic groups in China">other ethnic groups in China</a> <ul><li><a href="/wiki/Unrecognized_ethnic_groups_in_China" title="Unrecognized ethnic groups in China">unrecognized</a></li> <li><a href="/wiki/Ethnic_groups_in_Chinese_history" title="Ethnic groups in Chinese history">historical</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Culture_of_East_Asia" class="mw-redirect" title="Culture of East Asia">Culture</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/East_Asian_age_reckoning" title="East Asian age reckoning">Age reckoning</a></li> <li><a href="/wiki/Category:East_Asian_architecture" title="Category:East Asian architecture">Architecture‎</a></li> <li>Art <ul><li><a href="/wiki/Chinese_art" title="Chinese art">Chinese</a></li> <li><a href="/wiki/Japanese_art" title="Japanese art">Japanese</a></li> <li><a href="/wiki/Korean_art" title="Korean art">Korean</a></li> <li><a href="/wiki/Taiwanese_art" title="Taiwanese art">Taiwanese</a></li></ul></li> <li><a href="/wiki/East_Asian_blepharoplasty" title="East Asian blepharoplasty">Blepharoplasty</a></li> <li><a href="/wiki/East_Asian_Buddhism" title="East Asian Buddhism">Buddhism</a></li> <li><a href="/wiki/East_Asian_calligraphy" class="mw-redirect" title="East Asian calligraphy">Calligraphy</a></li> <li><a href="/wiki/East_Asian_cinema" class="mw-redirect" title="East Asian cinema">Cinema</a></li> <li><a href="/wiki/East_Asian_cuisine" class="mw-redirect" title="East Asian cuisine">Cuisine</a></li> <li><a href="/wiki/Sinosphere" title="Sinosphere">Sinosphere</a></li> <li><a href="/wiki/Category:Dance_in_East_Asia" title="Category:Dance in East Asia">Dance</a></li> <li><a href="/wiki/Chinese_knotting" title="Chinese knotting">Chinese knotting</a></li> <li><a href="/wiki/Chinese_dragon" title="Chinese dragon">Chinese dragon</a></li> <li><a href="/wiki/Category:Cultural_festivals_in_East_Asia" title="Category:Cultural festivals in East Asia">Festivals</a></li> <li><a href="/wiki/Garden_design#East_Asian_gardens" title="Garden design">Gardens</a></li> <li><a href="/wiki/Chinese_characters" title="Chinese characters">Chinese characters</a></li> <li><a href="/wiki/East_Asian_hip-and-gable_roof" title="East Asian hip-and-gable roof">Hip-and-gable roof</a></li> <li><a href="/wiki/Languages_of_East_Asia" title="Languages of East Asia">Languages</a></li> <li><a href="/wiki/East_Asian_literature" title="East Asian literature">Literature</a></li> <li><a href="/wiki/East_Asian_M%C4%81dhyamaka" title="East Asian Mādhyamaka">Mādhyamaka</a></li> <li><a href="/wiki/Category:Music_of_East_Asia" title="Category:Music of East Asia">Music</a></li> <li><a href="/wiki/Category:East_Asian_mythology" title="Category:East Asian mythology">Mythology</a></li> <li><a href="/wiki/Eastern_philosophy" title="Eastern philosophy">Philosophy</a></li> <li><a href="/wiki/East_Asian_religions" title="East Asian religions">Religion</a></li> <li><a href="/wiki/Horizontal_and_vertical_writing_in_East_Asian_scripts" title="Horizontal and vertical writing in East Asian scripts">Scripts</a></li> <li><a href="/wiki/Seal_(East_Asia)" class="mw-redirect" title="Seal (East Asia)">Seal</a></li> <li><a href="/wiki/Sino-Xenic_pronunciations" class="mw-redirect" title="Sino-Xenic pronunciations">Sino-Xenic pronunciations</a></li> <li><a href="/wiki/Lists_of_East_Asian_surnames" title="Lists of East Asian surnames">Surnames</a></li> <li><a href="/wiki/Category:Television_in_East_Asia" title="Category:Television in East Asia">Television</a></li> <li><a href="/wiki/East_Asian_typography" title="East Asian typography">Typography</a></li> <li><a href="/wiki/East_Asian_Yog%C4%81c%C4%81ra" title="East Asian Yogācāra">Yogācāra</a></li> <li><a href="/wiki/Chinese_zodiac" title="Chinese zodiac">Chinese zodiac</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Environment_of_East_Asia" title="Category:Environment of East Asia">Environment</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/East_Asia_Climate_Partnership" title="East Asia Climate Partnership">East Asia Climate Partnership</a></li> <li><a href="/wiki/East_Asian_Monsoon" class="mw-redirect" title="East Asian Monsoon">Monsoon</a></li> <li><a href="/wiki/East_Asian_rainy_season" title="East Asian rainy season">Rainy season</a></li> <li><a href="/wiki/Eastern_Asiatic_Region" class="mw-redirect" title="Eastern Asiatic Region">Flora</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Economy_of_East_Asia" title="Economy of East Asia">Economy</a> and <a href="/wiki/Category:Politics_of_East_Asia" title="Category:Politics of East Asia">Politics</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China%E2%80%93Japan%E2%80%93South_Korea_trilateral_summit" title="China–Japan–South Korea trilateral summit">China–Japan–South Korea trilateral summit</a></li> <li><a href="/wiki/Comprehensive_Economic_Partnership_for_East_Asia" title="Comprehensive Economic Partnership for East Asia">Comprehensive Economic Partnership for East Asia</a></li> <li><a class="mw-selflink selflink">Capitalism</a></li> <li><a href="/wiki/East_Asia_Summit" title="East Asia Summit">East Asia Summit</a></li> <li><a href="/wiki/East_Asian_Bureau_of_Economic_Research" title="East Asian Bureau of Economic Research">East Asian Bureau of Economic Research</a></li> <li><a href="/wiki/East_Asian_Community" title="East Asian Community">East Asian Community</a></li> <li><a href="/wiki/Four_Asian_Tigers" title="Four Asian Tigers">Four Asian Tigers</a></li> <li><a href="/wiki/Human_rights_in_East_Asia" title="Human rights in East Asia">Human rights in East Asia</a></li> <li><a href="/wiki/List_of_ports_and_harbors_of_the_Pacific_Ocean" title="List of ports and harbors of the Pacific Ocean">Ports</a></li> <li><a href="/wiki/List_of_Asian_stock_exchanges#East_Asian" title="List of Asian stock exchanges">Stock exchanges</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/History_of_East_Asia" title="History of East Asia">History</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Category:Archaeology_of_East_Asia" title="Category:Archaeology of East Asia">Archaeology</a></li> <li><a href="/wiki/Category:Archaeological_cultures_of_East_Asia" title="Category:Archaeological cultures of East Asia">Archaeological cultures</a></li> <li><a href="/wiki/East_Asian_Bronze_Age" class="mw-redirect" title="East Asian Bronze Age">Bronze Age</a></li> <li><a href="/wiki/Iron_Age#East_Asia" title="Iron Age">Iron Age</a></li> <li><a href="/wiki/Category:Former_countries_in_East_Asia" title="Category:Former countries in East Asia">Former countries</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Sport_in_East_Asia" title="Category:Sport in East Asia">Sports</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China%E2%80%93Japan%E2%80%93Korea_Friendship_Athletic_Meeting" title="China–Japan–Korea Friendship Athletic Meeting">China–Japan–Korea Friendship Athletic Meeting</a></li> <li><a href="/wiki/East_Asian_Football_Federation" title="East Asian Football Federation">East Asian Football Federation</a></li> <li><a href="/wiki/East_Asian_Games" title="East Asian Games">East Asian Games</a></li> <li><a href="/wiki/East_Asian_Judo_Championships" title="East Asian Judo Championships">East Asian Judo Championships</a></li> <li><a href="/wiki/Category:East_Asian_martial_arts" title="Category:East Asian martial arts">East Asian martial arts</a></li> <li><a href="/wiki/East_Asian_Youth_Games" title="East Asian Youth Games">East Asian Youth Games</a></li> <li><a href="/wiki/EAFF_E-1_Football_Championship" title="EAFF E-1 Football Championship">EAFF E-1 Football Championship</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Education_in_East_Asia" title="Category:Education in East Asia">Education</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Association_of_East_Asian_Research_Universities" title="Association of East Asian Research Universities">Association of East Asian Research Universities</a></li> <li><a href="/wiki/CrossAsia" title="CrossAsia">CrossAsia</a></li> <li><a href="/wiki/East_Asian_Economic_Review" title="East Asian Economic Review">East Asian Economic Review</a></li> <li><a href="/wiki/East_Asia_Image_Collection" class="mw-redirect" title="East Asia Image Collection">East Asia Image Collection</a></li> <li><a href="/wiki/East_Asia_Law_Review" class="mw-redirect" title="East Asia Law Review">East Asia Law Review</a></li> <li><a href="/wiki/East_Asian_studies" title="East Asian studies">East Asian studies</a></li> <li><a href="/wiki/Journal_of_East_Asian_Studies" title="Journal of East Asian Studies">Journal of East Asian Studies</a></li> <li><a href="/wiki/East_Asia_Institute_(Ludwigshafen)" title="East Asia Institute (Ludwigshafen)">Ludwigshafen East Asia Institute</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Military_in_East_Asia" title="Category:Military in East Asia">Military</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Horses_in_East_Asian_warfare" title="Horses in East Asian warfare">Horses in East Asian warfare</a></li> <li><i><a href="/wiki/Bansensh%C5%ABkai" title="Bansenshūkai">Bansenshūkai</a></i></li> <li><a href="/wiki/Miyamoto_Musashi" title="Miyamoto Musashi">Miyamoto Musashi</a></li> <li><a href="/wiki/Sun_Tzu" title="Sun Tzu">Sun Tzu</a></li> <li><i><a href="/wiki/The_Art_of_War" title="The Art of War">The Art of War</a></i></li> <li><i><a href="/wiki/The_Book_of_Five_Rings" title="The Book of Five Rings">The Book of Five Rings</a></i></li> <li><a href="/wiki/Yi_Sun-sin" title="Yi Sun-sin">Yi Sun-sin</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Science_and_technology_in_East_Asia" title="Category:Science and technology in East Asia">Science and technology</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Needham_Research_Institute" title="Needham Research Institute">Needham Research Institute</a></li> <li><a href="/wiki/History_of_printing_in_East_Asia" title="History of printing in East Asia">Printing</a></li> <li><a href="/wiki/Category:East_Asian_swords" title="Category:East Asian swords">Swords</a></li> <li><a href="/wiki/Category:East_Asian_traditional_medicine" title="Category:East Asian traditional medicine">Traditional medicine</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Capitalism" style="padding:3px"><table class="nowraplinks mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Capitalism" title="Template:Capitalism"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Capitalism" title="Template talk:Capitalism"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Capitalism" title="Special:EditPage/Template:Capitalism"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Capitalism" style="font-size:114%;margin:0 4em"><a href="/wiki/Capitalism" title="Capitalism">Capitalism</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div>Aspects and <a href="/wiki/Perspectives_on_capitalism_by_school_of_thought" title="Perspectives on capitalism by school of thought">perspectives</a></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">General</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Anarchy_of_production" title="Anarchy of production">Anarchy of production</a></li> <li><a href="/wiki/Business_cycle" title="Business cycle">Business cycle</a></li> <li><a href="/wiki/Centralisation" title="Centralisation">Centralization</a></li> <li><a href="/wiki/Competition_(economics)" title="Competition (economics)">Competition</a></li> <li><a href="/wiki/Economic_depression" title="Economic depression">Depression</a></li> <li><a href="/wiki/Deregulation" title="Deregulation">Deregulation</a></li> <li><a href="/wiki/Economic_bubble" title="Economic bubble">Economic bubble</a></li> <li><a href="/wiki/Economic_development" title="Economic development">Economic development</a></li> <li><a href="/wiki/Economic_liberalism" title="Economic liberalism">Economic liberalism</a></li> <li><a href="/wiki/Economic_planning" title="Economic planning">Economic planning</a></li> <li><a href="/wiki/Entrepreneurship" title="Entrepreneurship">Entrepreneurship</a></li> <li><a href="/wiki/Ecopreneurship" title="Ecopreneurship">Ecopreneurship</a></li> <li><a href="/wiki/Externality" title="Externality">Externality</a></li> <li><a href="/wiki/Financial_crisis" title="Financial crisis">Financial crisis</a></li> <li><a href="/wiki/Financial_Revolution" title="Financial Revolution">Financial Revolution</a></li> <li><a href="/wiki/Globalization" title="Globalization">Globalization</a></li> <li><a href="/wiki/History_of_capitalist_theory" title="History of capitalist theory">History of capitalist theory</a></li> <li><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">Industrial Revolution</a></li> <li><a href="/wiki/Invention" title="Invention">Invention</a></li> <li><a href="/wiki/Market_economy#Capitalism" title="Market economy">Market economy</a></li> <li><a href="/wiki/Market_failure" title="Market failure">Market failure</a></li> <li><a href="/wiki/Merchantilism" class="mw-redirect" title="Merchantilism">Merchantilism</a></li> <li><a href="/wiki/Meritocracy" title="Meritocracy">Meritocracy</a></li> <li><a href="/wiki/Multinational_corporation" title="Multinational corporation">Multinational corporation</a></li> <li><a href="/wiki/Nationalization" title="Nationalization">Nationalization</a></li> <li><a href="/wiki/Oligopoly" title="Oligopoly">Oligopoly</a></li> <li><a href="/wiki/Perspectives_on_capitalism_by_school_of_thought" title="Perspectives on capitalism by school of thought">Perspectives on capitalism by school of thought</a></li> <li><a href="/wiki/Privatization" title="Privatization">Privatization</a></li> <li><a href="/wiki/Profit_(economics)" title="Profit (economics)">Profit</a></li> <li><a href="/wiki/Property_rights_(economics)" title="Property rights (economics)">Property rights</a></li> <li><a href="/wiki/Recession" title="Recession">Recession</a></li> <li><a href="/wiki/Regulation" title="Regulation">Regulation</a></li> <li><a href="/wiki/Wage_labour" title="Wage labour">Wage labour</a></li> <li><a href="/wiki/Wealth" title="Wealth">Wealth</a></li></ul></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Ideology</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <li><a href="/wiki/Anglo-Saxon_model" title="Anglo-Saxon model">Anglo-Saxon</a></li> <li><a href="/wiki/Authoritarian_capitalism" title="Authoritarian capitalism">Authoritarian</a></li> <li><a href="/wiki/Conservative" class="mw-redirect" title="Conservative">Conservative</a></li> <li><a href="/wiki/Corporate_capitalism" title="Corporate capitalism">Corporate</a></li> <li><a href="/wiki/Democratic_capitalism" title="Democratic capitalism">Democratic</a></li> <li><a href="/wiki/Dirigisme" title="Dirigisme">Dirigist</a></li> <li><a href="/wiki/Free_market#General_principles" title="Free market">Free-market</a></li> <li><a href="/wiki/Humanistic_capitalism" title="Humanistic capitalism">Humanistic</a></li> <li><i><a href="/wiki/Laissez-faire_capitalism" class="mw-redirect" title="Laissez-faire capitalism">Laissez-faire</a></i></li> <li><a href="/wiki/Economic_liberalism" title="Economic liberalism">Liberal</a></li> <li><a href="/wiki/Right-libertarianism" title="Right-libertarianism">Libertarian</a></li> <li><a href="/wiki/Market_capitalism" class="mw-redirect" title="Market capitalism">Market</a></li> <li><a href="/wiki/Mercantilism" title="Mercantilism">Mercantilist</a></li> <li><a href="/wiki/Mixed_capitalism" class="mw-redirect" title="Mixed capitalism">Mixed</a></li> <li><a href="/wiki/State_monopoly_capitalism" title="State monopoly capitalism">Monopoly</a></li> <li><a href="/wiki/National_capitalism" class="mw-redirect" title="National capitalism">National</a></li> <li><a href="/wiki/Neo-capitalism" title="Neo-capitalism">Neo</a></li> <li><a href="/wiki/Neoliberalism" title="Neoliberalism">Neoliberal</a></li> <li><a href="/wiki/Nordic_capitalism" class="mw-redirect" title="Nordic capitalism">Nordic</a></li> <li><a href="/wiki/Anarcho-capitalism" title="Anarcho-capitalism">Private</a></li> <li><a href="/wiki/Raw_capitalism" class="mw-redirect" title="Raw capitalism">Raw</a></li> <li><a href="/wiki/Regulated_market" title="Regulated market">Regulated market</a></li> <li><a href="/wiki/Regulatory_capitalism" title="Regulatory capitalism">Regulatory</a></li> <li><a href="/wiki/Rhine_capitalism" class="mw-redirect" title="Rhine capitalism">Rhine</a></li> <li><a href="/wiki/Social_capitalism" class="mw-redirect" title="Social capitalism">Social</a></li> <li><a href="/wiki/State_capitalism" title="State capitalism">State</a></li> <li><a href="/wiki/State-sponsored_capitalism" class="mw-redirect" title="State-sponsored capitalism">State-sponsored</a></li> <li><a href="/wiki/Welfare_capitalism" title="Welfare capitalism">Welfare</a></li></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Culture_of_capitalism" title="Culture of capitalism">Cultural aspects</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <li><a href="/wiki/Advertising" title="Advertising">Advertising</a></li> <li><a href="/wiki/American_Dream" title="American Dream">American Dream</a></li> <li><a href="/wiki/Black_Friday_(shopping)" title="Black Friday (shopping)">Black Friday</a></li> <li><a href="/wiki/Consumerism" title="Consumerism">Consumerism</a></li> <li><a href="/wiki/Decentralization" title="Decentralization">Decentralization</a></li> <li><a href="/wiki/Economic_freedom" title="Economic freedom">Economic freedom</a></li> <li><a href="/wiki/Economic_mobility" title="Economic mobility">Economic mobility</a></li> <li><a href="/wiki/Individualism" title="Individualism">Individualism</a></li> <li><a href="/wiki/Liberalism" title="Liberalism">Liberalism</a></li> <li><a href="/wiki/Liberty" title="Liberty">Liberty</a></li> <li>Mainstream</li> <li><a href="/wiki/Philanthropy" title="Philanthropy">Philanthropy</a></li> <li><a href="/wiki/Private_foundation" title="Private foundation">Private foundation</a></li> <li><a href="/wiki/Private_property" title="Private property">Private property</a></li> <li><a href="/wiki/Rule_of_law#In_relation_to_economics" title="Rule of law">Rule of law</a></li> <li><a href="/wiki/Social_alienation" title="Social alienation">Social alienation</a></li> <li><a href="/wiki/Spontaneous_order" title="Spontaneous order">Spontaneous order</a></li></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Social aspects</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <li><a href="/wiki/Corporatism" title="Corporatism">Corporatism</a></li> <li><a href="/wiki/Economic_inequality" title="Economic inequality">Economic inequality</a></li> <li><a href="/wiki/Employment" title="Employment">Employment</a></li> <li><a href="/wiki/Freedom_of_association" title="Freedom of association">Freedom of association</a></li> <li><a href="/wiki/Labour_market_flexibility" title="Labour market flexibility">Labour market flexibility</a></li> <li><a href="/wiki/Labour_supply" title="Labour supply">Labour supply</a></li> <li><a href="/wiki/Productivity" title="Productivity">Productivity</a></li> <li><a href="/wiki/Prosperity" title="Prosperity">Prosperity</a></li> <li><a href="/wiki/Syndicate" title="Syndicate">Syndicate</a></li> <li><a href="/wiki/Social_venture_capital" title="Social venture capital">Social venture capital</a></li> <li><a href="/wiki/Unemployment" title="Unemployment">Unemployment</a></li></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Criticism_of_capitalism" title="Criticism of capitalism">Criticism</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <li><a href="/wiki/Anti-capitalism" title="Anti-capitalism">Anti-capitalism</a></li> <li><a href="/wiki/Capitalist_propaganda" title="Capitalist propaganda">Capitalist propaganda</a></li> <li><a href="/wiki/Critique_of_political_economy" title="Critique of political economy">Critique of political economy</a></li> <li><a href="/wiki/Critique_of_work" title="Critique of work">Critique of work</a></li> <li><a href="/wiki/Market_fundamentalism" title="Market fundamentalism">Market fundamentalism</a></li> <li><a href="/wiki/Marxism" title="Marxism">Marxism</a></li> <li><a href="/wiki/Wage_slavery" title="Wage slavery">Wage slavery</a></li></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Antithesis</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <li><a href="/wiki/Anarchism" title="Anarchism">Anarchism</a></li> <li><a href="/wiki/Anarcho-communism" class="mw-redirect" title="Anarcho-communism">Anarcho-communism</a></li> <li><a href="/wiki/Anarcho-primitivism" title="Anarcho-primitivism">Anarcho-primitivism</a></li> <li><a href="/wiki/Anarcho-syndicalism" title="Anarcho-syndicalism">Anarcho-syndicalism</a></li> <li><a href="/wiki/Collectivist_anarchism" title="Collectivist anarchism">Collectivist anarchism</a></li> <li><a href="/wiki/Communalism_(Bookchin)" class="mw-redirect" title="Communalism (Bookchin)">Communalism</a></li> <li><a href="/wiki/Communism" title="Communism">Communism</a></li> <li><a href="/wiki/Economic_democracy" title="Economic democracy">Economic democracy</a></li> <li><a href="/wiki/Eco-socialism" title="Eco-socialism">Eco-socialism</a></li> <li><a href="/wiki/Free-market_socialism" class="mw-redirect" title="Free-market socialism">Free-market socialism</a></li> <li><a href="/wiki/Green_anarchism" title="Green anarchism">Green anarchism</a></li> <li><a href="/wiki/Individualist_anarchism" title="Individualist anarchism">Individualist anarchism</a></li> <li><a href="/wiki/Libertarian_socialism" title="Libertarian socialism">Libertarian socialism</a></li> <li><a href="/wiki/Market_anarchism" title="Market 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