Write an essay of 1000 words (+/- 10%) including citations but excluding references, explaining what you think is the best model for a market economy (from a varieties of capitalism and national business systems perspective) and why.

Comparative Business Organisation

There are no definitively correct or incorrect answers to this question, instead the quality of each response will depend upon the strength and criticality of the argument.

Answers should begin by defining and describing key concepts such as, capitalism, market economies and the institutions of which they are comprised. A variety of approaches are available but most are likely to distinguish between LMEs and CMEs (Hall and Soskice) and to conclude that CMEs are preferable.

However, better answers will acknowledge that different solutions are likely to appeal to different actors, and that no one model is ideal. Instead, elements of different models are more or less morally defensible than others, again depending upon the perspective adopted.

You must follow the appropriate academic writing conventions, including clear and analytical language. This is rarely achieved by borrowing directly from sources. Your original voice must be heard. When in doubt, it is preferable to write in your own voice even if it is linguistically imperfect, rather than borrowing directly from sources but failing to demonstrate your own thinking.

Your sources must be cited and referenced, with quotations shown in inverted commas, and Harvard Referencing Style must be employed.

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