Market economies are not self regulating.

Both possess market economies.

Yes, the market economy can provide incentives for wealth creation.

Without such procedures, a market economy would be unable to function.

In fact, the market economy can function only if the state does intervene.

First, a market economy was created, the rule of law established, and democratic institutions built.

Since capitalism's beginnings, the market economy has been subject to fluctuations, to booms and busts.

Expectations and confidence in democracy, the market economy, and the larger European project have suffered as well.

Those who think that globalization, technology, and the market economy will solve the world s problems seemed subdued.

Attracted by the promise of membership, the countries that joined the EU last year underwent 15 years of social, economic, legal, and political changes whose scope was unprecedented in modern European history.

The market economy and the profit motive have led to extremely high living standards in many places.

But it is truer to say that the market economy is sustained by the stimulation of greed and envy through advertising.

The social market economy, which we continue to embrace, is based on these principles.

Public institutions were rapidly modernized, political democracy adopted, and a standard market economy created.

Each, indeed, is unsustainable without the other. Security is useless without freedom, but freedom makes no sense without security both national security and economic security.

He believes that democracy and a market economy are not opposites but complement each other.

Theoretically, there remain different parties, elections, a pluralistic society, an independent judiciary, and a market economy.

More broadly, a market economy could not work if every contract had to be enforced through legal action.

Hope is to be found here in the fact that market economics is no longer seriously challenged.

But the financial crisis has shown that a twenty first century market economy requires government participation to function.

These very same people are strong believers, in lots of contexts, in the limits on the markets.

Market square in Phnom Penh.

At issue here is the oldest unresolved dilemma in economics are market economies naturally stable or do they need to be stabilized by policy?

We need market economies with competitive strength, and this can only be brought about by loosening constraints and liberating the supply side of economies.

The market economy is unsurpassed as a system for creating wealth, but only social compensation ensures that this wealth is distributed in a just manner.

This model suggested that a market economy should be left alone as much as possible, so that is what governments tended to do.

To achieve this, the United States and China must reconcile their very different views of how a market economy should operate.

The market share of state owned banks is 85 .

The market system does not guarantee this.

Market Square is the historic centre of the city.

It is no accident that a free market economy preceded democratic politics in many countries in Latin America and Asia in the second half of the twentieth century.

That debate stems from the fact that capitalism, or the market economy, cannot simply go on forever, driven by an internal momentum or dynamic.

Not only is the market economy less popular in France than in all other European countries or the US, but it is less popular than in Russia or in China!

But an effective market economy needs to minimize the incentives and opportunities for corruption, or it will turn into something worse.

To everyone's relief, political democracy and mixed market economies proved highly resilient against the oil price shocks of the 1970s. Incomes stagnated, but the institutional order endured.

Lee s most profound influence has been in post Mao China, where booming economic enterprise coexists with an authoritarian Leninist one party state.

To everyone's relief, political democracy and mixed market economies proved highly resilient against the oil price shocks of the 1970s.

The best hope for most North Koreans is the subterranean market economy that fills the gaps in the state s planned economy and public distribution system.

A market economy based on private property rights is an economic democracy, and it is only a matter of time before political democracy follows.

Europeans (Germans in particular), on the other hand, enjoyed the Rhineland model a market economy that harnesses economic success to the cause of social justice.

In 1990, Turkey had a more advanced market economy and a much greater experience with democracy than the Eastern European countries about to join the EU.

We could then look back at the Great Recession as a bad dream the market economy supported by prudent government action would have shown its resilience.

Romano Prodi's declaration last week that Russia was now a fully fledged market economy is a step toward this cooperative notion.

A recent study of 15 diverse populations, reported in the journal Science, found that the societies that treat anonymous strangers most fairly are those with market economies.

The economy .