Comparative Economic Systems

This marketing leading text focuses on comparisons between the three major types of economic systems in the world today - capitalism, socialism, and the economies of the LDC’s and developing countries. Several variants of capitalism are represented by exploring the U.S., Germany, and Japan. Also discussed are the problems involved in the transformation of the former communist countries of Russia and Eastern Europe into capitalist countries (Poland, The Czech Republic and Hungary). Developing economy coverage includes comparisons between China and India, and coverage of the Latin American countries of Argentina, Brazil and Mexico, as well as comparisons between African nations.

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.