economic system : Definition, Usages, News and More

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economic system

  • n  the system of production and distribution and consumption
News & Articles

  • Colbertism failed in France. Will it work in China? -
    To political scientists, China’s current economic system of trying to capture as much as possible of the world’s resources through state-directed industry can be difficult to characterize. Yet to the historian, China’s policy is evidently a mercantilist approach that has already been tried--and that briefly succeeded--under Louis XIV’s finance minister, Jean-Baptiste ...
    July 22, 2013 - Boston Globe
  • China’s economy is about to hit the wall
    China is in big trouble, writes Paul Krugman. The country’s economic system, which has driven three decades of incredible growth, has reached its limits. It’s running out of surplus peasants.
    July 20, 2013 - Seattle Times

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