The model of capitalism emerging in Central and Southeast Europe is similar to the Southern European model. The region is so diverse, however, that a homogeneous regional model of the economy is unlikely to develop.
It has long been known that capitalism has many different variations. The French economics professor Bruno Amable, a lecturer at the University of Geneva, proved this in his book “The Diversity of Modern Capitalism”. In his opinion, there are at least five different models of capitalism:
- the Anglo-Saxon model (e.g. the United States, the United Kingdom);
- the social democratic / Scandinavian model (e.g. Sweden, Denmark);
- the continental European model (France, Germany);
- the Southern European model (e.g. Italy, Spain);
- the Asian model (e.g. Japan, South Korea).
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