Example economy

Example economy


The economy functions poorly when controlled by the logic of power, because the advantages of rule-based coordination of free action are difficult or impossible to utilize - see the economic collapse of the communist bloc in the 1980s.


In contrast, China, which has now become extremely successful in the global economy, has advocated maintaining and protecting global economic rules. However, China is effectively combining power potential with rule-based practices, thereby undermining global rule-based compliance in the long term.

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