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Word Count: 489
National variations in Policy StanceThe major industrialized nations of the world have all had their similarities and differences throughout time The US currently begin the strongest economy in the world is among some of the few countries that has been trying to begin free trade throughout the world economies The EU is also starting to begin the processes of free trade throughout their Union The US and the UK have more in common than the European and the Asian economies One of the main trends that began in the 1980s throughout the major economies of the world was deregulation Deregulation is the process of the government being more lenient with the economic activities to increase and create a more free state of competition In the third world countries deregulation is thought of as also privatization Governments privatization usually consists of the companies in the energy electricity telecommunication and gas sectors like in the case of Brazil currently France has a very state oriented industrialized policy in which it helps support the major businesses throughout the economy The government also holds major control of the financial institutions which allows the government to direct certain funds toward major sectors of the economy Directing funds to industries increases a countrys international competitiveness Germany has the economic power divided between the government and the provinces like states German has pride itself on internal competition along with an internal agreement between labour unions major banks and interest groups Recently German has helped the major manufactures that have been in financial trouble Currently there exists problems due the reunification of the Eastern block with the western block There is high trade deficit high unemployment and high inflation due to the interest payments due from the trade deficitThe UK industrialized policy has been changed so many times that some people refer to their policy as inconsistent Through the 60s the government had implemented changes to encourage the major companies in
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