1. Modern Economies in a Global Age
Chapter 2 Section 4

2. Modern Economies Modern Economies Today’s Mixed Economies
US- market oriented
France, Sweden- more command oriented
Namibia (Africa)- traditional with market-driven approach

3. Types of Mixed Economies
Sweden
France
United States
Command Mixed Market

4. Modern Economies Modern Economies Today’s Mixed Economies
US- market oriented
France, Sweden- more command oriented
Namibia (Africa)- traditional with market-driven approach
Trends in Modern Economies
Move away from command elements:
Privatization of resources
Increasing globalization

5. Trend #1 Changes in Ownership
What does it mean to nationalize? Can you think of a time in American history when the government nationalized an industry?
Many countries are moving from a command system to a market system. In this process, government-owned industries have been privatized. What is the expected impact of this action?

6. Trend #2 Increasing Global Ties
Opening of the world’s markets to trade
Development of transportation
Easy financial transactions
International partnerships
Shared distribution systems and manufacturing plants = greater efficiency, lower costs, greater profit
Research and development costs are shared

7. Group Discussion
In your opinion, are there some goods, and/or services that should be publicly owned? If so, which ones? Explain your answer.
In what ways have your personal global ties increased in the last 10 years?