Responding to still relevant key issues about hidden payments, 50 years ago, the Congress passed the Foreign Corrupt Practices Act.
Functioning from the top down, China's economic model is very different from a market system's bottom-up characteristics.
Looking closely at the Index of Economic Freedom, we can see where property rights help to boost market activity.
With the media focusing on the politics, we need to complete the picture with a look at Afghanistan's economy.
While the North Korean economy is centrally planned, the Choco Pie is a tiny example of the how a market system develops.
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
Ignoring Adam Smith's ideas, the EU will probably tell us by 2016 that China has a market economy because the World Trade Organization requires a decision.












