In reviewing capitalism worldwide following the downfall of communism in the Soviet Union some observers suggest that_____________?

Political and Economic Power 09/06/2021

A. capitalist nations fully agree on the merits of capitalism practiced by all developed nations
B. Russia Eastern Europe Latin America and Asia have fully accepted and are practicing the style of capitalism practiced in the United States
C. in dynamic Asian nations (e.g. Japan Singapore Hong Kong South Korea and Taiwan) government intervention in economic life has resulted in a “government-business symbiosis ” different from that in Europe and the United States
D. the performance of the Asian economy and financial institutions in late 1997 and early 1998 strongly supports the “government-business /state capitalism/communal capitalism economic arrangement

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