(Required length: Three pages)
Consider three advanced market capitalism economies: Japan, France and Sweden. Describe the distinctive economic policies each of the countries followed in the postwar period (1950s-1970s). Compare the economic performance of these countries in the postwar period and in 1980s-1990s. Do the economic systems of these countries become more or less similar the last 20 year? What are the reasons for the trend?In terms of Economic performance, Real GDP per capita: Growth, Unemployment inflation inequality