The overachieving economies of the West had begun to reveal their weaknesses and could no longer acquire the economic growth that had propelled the capitalist ideas of Keynes and von Hayek to academic dogma . On the different side , the communist model had failed miserably and on that point was no socio-economic equity that resulted instead the economic depression that it want to preclude had become widespread in these countries . The reluctance of these countries to book their failures and the immobile paved the way for a new character of economic theory in the form of free-market capitalismAccordi ng to the video the shock of globalization c! an be understood by examining the personal effects that it has had on the world . The...If you want to get a integral essay, companionship it on our website: OrderCustomPaper.com
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