This text has been updated to profile the massive changes in economies throughout the world. It compares the three variants of capitalism, using the United States, Germany, and Japan as examples. The text also discusses the current developments in Eastern Europe and the former Soviet Union. This edition includes a new chapter that covers regional trading blocks such as the European Community and NAFTA. Another new chapter provides a comparison of rich nations and poor nations.
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Martin C. Schnitzer received his PH.D. in Economics from the University of Florida. He teaches graduate and undergraduate courses in International Management at Virginia Tech. Professor Schnitzer is an author of 10 books, including COMPARATIVE ECONOMIC SYSTEMS, as well as numerous monographs. Schnitzer has lectured in Hungary and Poland and has served on the U.S. East-West Trade Commission, The Virginia Export Council, and The Advisory Board of Economists to Governor John H. Dalton. He has also served as an economics consultant to the U.S. Joint Economic Committee and the U.S. House Ways and Means Committee on European economic policy.
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