ABSTRACT

A nation’s economy is a living matter that functions according to national and natural conditions, historical institutions, culture, and customs. Because national and natural conditions do not change easily, and initial historical conditions have a historicist effect over a long period, it is natural that countries differ in economic structure and economic behavior. It is also not at all strange that they neither follow the same methods of economic planning and administration nor pursue the same ideal for economic policy, nor go through the same process of policy-making.