ANTIDOTE TO CURRENT PROBLES OF WORLD’S ECONOMY: NEOLIBERALISM OR CENTRALLY PLANNED SYSTEM?
ANTIDOTE TO CURRENT PROBLES OF WORLD’S ECONOMY: NEOLIBERALISM OR CENTRALLY PLANNED SYSTEM?

Summary/Abstract: The article presents the assumptions for the major economies of the world tackling the problems and issues of the world economy and the possible solutions that come to mind. The paper scrutinizes the existing streams of thought and notes that there are two contradicting systems in the world economy that can be described as pure capitalism and pure socialism. However, we argue that most existing economic systems are actually the mixed systems embedding the features from both. The paper runs a critical analysis and emphasized that they have different uses and different effects depending on the country concerned.

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