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Germany, Switzerland), and a Liberal Market Economy (LME), similar for a US style economy and partially present in UK, Canada,
Germany, Switzerland), and a Liberal Market Economy (LME), similar for a US style economy and partially present in UK, Canada,
Australia, New Zealand, Ireland.<ref>Ben Ross Schneider and David Soskice: Inequality in developed
Australia, New Zealand, Ireland.<ref>Ben Ross Schneider and David Soskice: Inequality in developed
countries and Latin America:
countries and Latin America:
coordinated, liberal and
coordinated, liberal and
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Revision as of 02:34, 7 October 2012
According to the book Varieties of Capitalism, there are many different ways of organizing a capitalist economy. There seems to be two extremes the Coordinated Market Economy (CME), which captures certain salient features of northern Europe (in particular in Denmark, Finland,
Norway, Sweden, Austria,
Belgium, Netherlands,
Germany, Switzerland), and a Liberal Market Economy (LME), similar for a US style economy and partially present in UK, Canada,
Australia, New Zealand, Ireland.
Ben Ross Schneider and David Soskice: Inequality in developed
countries and Latin America:
coordinated, liberal and
hierarchical systems. Economy and Society Volume 38 Number 1 February 2009: 17-52
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