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Classical form of market capitalism

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Discussion 1.

1. What are key features of Keynesian Economic Systems as a distinct macroeconomic transformation from Classical form of Market Capitalism? Give an example in the context of US economic systems that changed in 1930s.

2. How does Marxism differs from Keynesian economic systems and what are key factors attributed to the failure of communist systems in Russia and China in 1980s?

Discussion 2.

1. Critically and briefly discuss the existing economic systems of the United States and its distinctive features from the economic systems of the United kingdom and Japan.

2. What are the key challenges does the US economy does face in the context of rapid globalization of the new economy? Do you think that Donald Trump's rhetoric against China Trade with the US does reflect his doctrine of anti-globalization? Why or or why not? Does it benefit the US economy vis-a-vis Chines economy in near future?

Reference no: EM133187989

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