What does it take to become a participant in the dominant economic systems in the world?

To become a participant in today's global economy, especially if you are a small country, you should have open, deregulated trade markets. Free trade, less tariffs and quotas, have shown a correlation to rising living standards and GDP growth. However, financial liberalization/deregulation without strong over sight has proved costly for many countries (see Asian Financial Crisis 1997).

Furthermore, investments in education either in sectors such as science and financial services have made small countries significant, if minor players in the world economy (see Singapore, Luxembourg). Short answer - the dominant economic system (for better or worse) is based on production and free trade, producing/manufacturing a valuable product or service and then exchanging it will buy your way into this system.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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