CONVERGENCE AND DIVERGENCE BETWEEN AMERICAN AND EUROPEAN CAPITALISMS. A LONG TERM PERSPECTIVE
Abstract
The main aim of the article is to present a long-term perspective in comparing American and European capitalism. While for decades, the US economic and business system has been considered a model, in recent times many elements suggest that it is losing most of the factors of its attractiveness. The economic and financial crisis, the end of American «exceptionalism», the increasing interdependency with the globalization process are depicting a world where a convergence process among different models is emerging, but without eliminating national economic and business cultures.
Keywords:
US Capitalism, European capitalism, globalization, economic convergence process, interdependenceDetails
- Issue
- Vol. 4 No. 7 (2013)
- Section
- Research article
- Published
- 2013-12-29
- Licencja:
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