Plan for Assignment 2

1. Introduction Brief definition and history of Capitalism, summarized from Encarta Encyclopedia 2002. Brief Introduction of the different types of Capitalism (see also book: Models of Capitalism by David Coates) and description of the main issue.

2. The Anglo-Saxon Model 2.1. Definition and Historical background of the Anglo-Saxon Capitalism Define and illuminate the historical background of the Anglo-Saxon model of Capitalism gathered from Wikipedia and Microsoft Encarta Encyclopdia 2002. 2.2. Characteristics of the Anglo-Saxon Model Identify features of the Anglo-Saxon Capitalism based on how a country organizes business and labour, the role of the state and its economic culture. Use article Capitalism and Society from the Ceri-Sciencespo Website. 2.3. Disagreements of the Anglo-Saxon Model Find out why this model is often seen as a contested concept using the Journal from Economic Research BNP Paribas, called The Anglo-Saxon Model: a critical view. 2.4. Anglo Saxon Economies Identify Anglo Saxon economies (e.g. UK, US, Canada, New Zealand, Australia, Ireland, Netherlands, Spain, Portugal) and point out the case of the UK, which are the common features and in which areas do they differ. Use the Journal The Anglo-Saxon Model: a critical view and the book Comparative Economics in a Transforming World Economy from Rosser, J.B.

3. The Rhine Capitalism 3.1. Definition and Historical background of the Rhine Capitalism Define and illuminate the historical background of the Rhine model of Capitalism with help of Wikipedia and Microsoft Encarta Encyclopdia 2002. 3.2. Characteristics of the Rhine Capitalism Identify the characteristics of the Rhine Capitalism based on how a country organizes business and labour, the role of the state and its economic culture. Use article Capitalism and Society from the Ceri - Sciencespo Website.

3.3. Rhine Economies Identify Rhine Economies (Germany, France, Italy) and point out the case in Germany, using the Journal European Integration, Varieties of Capitalism and the Future of Rhenish Capitalism written by Andrea Busch. What are the classic features of the German model of capitalism? What does the state do? How does industry raise capital to invest in production? How strongly is the labour market regulated?

4. Comparative Analysis 4.1. Comparative Economic Performance Compare the two models on the basis of different economic data to measure a countrys economic performance, (e.g. Economic Growth (GDP), Inflation,

Unemployment, Balance of Payments, Exchange Rate, Quality of Life, Environment, Health, Education) taken out from the Angus Maddison website. 4.2. Economic Freedom What is the role of the Economic Freedom and which are the countries with the biggest economic freedom using the Index of Economic Freedom from Gardners World Economics Website, Comparative Economic Systems. 4.3. Advantages and disadvantages Identify advantages and disadvantages of each model using the book Models of Capitalism by David Coates. 4.4. Economic Downturn What impact has the financial crisis made on countries using the Anglo-Saxon Model/ Rhine Model.

5. Conclusion Answer to question: In the light of economic performance which model is the best?