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Despite the dichotomy between capitalism and socialism, it has been suggested that in practice “ all economics are mixed” and that “it is the proportions to which they are mixed that give each type of systems its distinguishing profile (Locks, 1965: viii).
This work examines and compares the various forms of economic systems in an attempt to highlight the economic and political institutions in different countries – USA, German, French, USSR, Great Britain, China, Japan and India.
The strengths and successes as well as the defects of the systems are also brought to the fore.
OkoreProfessor Augustine O.Okore obtained B.Sc (Hons) in Economics in 1972 from the University of Nigeria, Nsukka and Ph.D in Demography in 1978 from the National University, Canberra, Australia.
He had more than 100 publications in books and journals and presented over 72 papers in conferences.
He served as a consultant to UN.
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