We've found 5 Anglo Saxon tests

Anglo Saxon Literature New York City Political Geography
LA:And Then There Were None Essay Questions – Flashcards 15 terms
Emily Kemp avatar
Emily Kemp
15 terms
Anglo Saxon Chemistry Greek
Test Answers on Element Names – Flashcards 83 terms
Anthony Richie avatar
Anthony Richie
83 terms
Anglo Saxon AP English Literature And Composition English Literature English/Language Arts 3 (11Th Grade) Gawain And The Green Knight Good And Evil Literature World Literature
English Literature Test 1 (Chapters 1-2) – Flashcards 20 terms
Patricia Smith avatar
Patricia Smith
20 terms
Anglo Saxon Compare And Contrast Decision Making English/Language Arts 3 (11Th Grade)
The guilds of Skyrim 21 terms
Edwin Holland avatar
Edwin Holland
21 terms
American Literature Anglo Saxon Course(s) In English English/Language Arts 3 (11Th Grade)
Old English Information Unit 1 28 terms
Jessica Forbes avatar
Jessica Forbes
28 terms
What are the difference between Anglo Saxon model and European model?
The concept is greatly different the Anglo Saxon model has its historical origin in Great Britain and is patterned after the classical liberal idea of Adam Smith and the classical precepts of classical liberalism. The European model uses economic idea enunciated in France and Germany in 10th century that place less faith in the invisible hand and call for more state intervention in economic affairs. “It is legal foundation is based on what James Buchanan in terms the constitutional order of socialism” Asian model focus on high rate of capital foundation and an either devices, often supported by the state. The patter of ownership has different characteristics. For example, The Anglo-Saxon model is widely held corporation dominate. European and Asian model are state-owned and family owned corporation are common. Especially Medium-sized companies. Apart from Japan, most of countries are family owned. How they raise capital is different. Anglo-Saxon model gain from through stock and bonds market. But in Asia and European model. Capital are coming from the bank. They are more dependent on the credit. The role of government is also different. The size of government is measured by its spending and taxation. Anglo-Saxon model is relatively small but European is relatively large. The European countries have uniformly high share of the state in overall economic activities. The economic of freedom is also different. Main questions can be asked such as Are business free to invest as they wish? Are they overburdened by taxes? Are their property right secure etc? Anglo-Saxon model countries tend to have a stronger economic freedom score than that of EU and Asian The Legal System The European model use civil law which is a legal system in which law are written and codified and are not determined by judges based on custom or precedents originally from France. The Anglo Saxon model use common law which is a system based on custom and precedent rather than a written legal code. In USA, high labor mobility and short tenure Labor union play an important role in EU
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***Anglo Saxon Racism
– revival of the Klan – wanted 100% Americans – Native born white Protestants – No Blacks, Catholics, Jews, or immigrants
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What is characteristic of the Anglo Saxon?
The Anglo Saxon model is a benchmark in neoclassical economics well developed product and factor market. It is done by on the spot transaction. Unlike Eu and Asia. In Anglo Saxon model county they use common law which is system based on custom and precedent rather than a written legal code. In US legal system superior appeals court ensure that common law produces consistent law even-thought different judges may rule differently in their own jurisdictions. Hayke notion of spontaneous order, if a legal system lead no inefficient, outcomes, it will appraiser over time as more efficient rule show it to be inferior. The more importantly, business organization and cooperate governance is different from Europe. Firm objects is for short run is profit maximization and for long term market maximization of market capitalization. Share is largely owned by individual and institutional investors. The US especially tends to be run in the interest of shareholders more than in other countries. Managers have the job of maximization shareholder values. Firms are easily to obtain external funds by issuing new shares and bonds. Corporate motivate managers and executive members by a stock option, golden parachute and matching employee contribution to their 401 K retirement account invested in corporation market stock. Venture capital is the US capital market promotes dynamic change by moving capital around quickly. In Anglo Saxon, the government does not define clear priorities in economic affairs. The government sees itself as watching-dog for private excesses. The government intends to correct market and imperfection. The weakness of the US system, weak regulation and decentralization of decision making result in high cost and poor outcomes in the presence of market failure. For example, medical care, primary and secondary education/ In the 1960s and 1970s, the high cost and inefficient regulation promoted a management toward deregulation. It can leads to lower price for most but all customers and the diversity of choice and more freedom of choice. American trade unions are more decentralized than their counterpart in EU. More authority rests with local unions. US labor union does not bargain at national level. The labor market in Anglo Saxon model if flexible labor market. especially in US. employee freedom to hire and fire employees and change condition of work and pay with free restrictions. It is a liquid labor market, unlike EU, Long term unemployment was rare. Labor turnover is high, Labor trade is mobile, unemployment rate fluctuated widely.
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