Social Market Economy and Its Universal Validity

Author:Stefan Gehrold
Position::European Office of Konrad Adenauer Stiftung, Brussels, Belgium

The purpose of this analysis was to outline the concept, the principles and the universality of social market economy. Its elements are not only valid in Europe, but they can rather be applied worldwide. As most of the highly developed countries in the world show signs of the institutions of social market economy and the good economic performance can be traced back to these institutions, social... (see full summary)

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