"The World is a book, and those who do not travel read only a page."
St. Augustine
Alternative Economic Systems
Introduction…
Economic systems are dynamic; not static. While they more often than not change slowly, there are always emergent pressures on principal institutions which gradually build over time. The nature and source of these pressures result in either minor changes (new working rules, institutions, or modifications in existing institutions) or major changes (e.g. collapse of USSR).
Current forces which will define and explain the development and change of principal institutions in the early 21st century:
CHAPTER 1: World Economic Systems in the Twenty-First Century
The Global Economic Tectonic Plates…
1. The end of communism.
2. A technological shift to an era dominated by man-made brainpower industries.
3. A demography never before seen - older (impact in democratic OECD nations) plus a population boom in the world's poorest countries (immigration from and internal stress in these nations).
4. An era where there is no dominant economic, political, or military power.
5. Environmental forces (pollution, environmental degradation, resource depletion, climate change).
6. Multinationalism and Globalism.
7. The Developing World (globalizers vs. non-globalizers)
a. Religious fundamentalism, environmental issues.
8. Global Economic Crisis: Financial Crisis to Fiscal Crisis…conflict between "market" and "social" contract.
The Choice of Economic Systems in the Twenty-First Century.
Much more pragmatic, less ideological approach… except in Islamic nations.
What works and what doesn't work for various countries in various contexts
"In our personal and business lives, we copy success. The same is true of economic systems (on the whole)… Just as individuals learn from the examples of others, countries learn from the successes and failures of other countries." (p. 15 in book)

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