Name : Mohamed Shalykhan R Assignment No.

Date : 8th Dec 2010.

Which combination of economic and political systems would develop an entrepreneurial culture in the Philippines in the quickest and most effective way? Why? I believe the combination best work would be Democartic Capatilism. The reason would me the examples we learned from the past, when the communisum is high those countries faced lot issues and we can always see a dip in the econmy, may be china would be exculded in this but the china not following the communism any more, mean they are coming out of that box and looking or already in globalization. A good example for the Democartic Capatilism coutry would be USA, though they have found some issues in the past years they are still strong, lets take the european countries, Aussies and Kiwis they are all the following the same thing. I also would like to mention about the Democartic Socialism. The leading advantage of socialism is that it would solve the problem of unemployment with minimum social disparities but its disadvantages are more than its advantages it will lead to corruption , internal as well as external trade would be saturated as there would be no competition in the market and far most disadvantage is that it can lead to authoritarian society like in china and former USSR. So I would strongly recommend at this point and time we need Democartic Capatilism, though we have this now and not doing well, thats fine it will take some time and we also need to eroticate few issues around that, but other things like Democartic socialism and and other things have lot of influence in making people lazy, (as per my opinion).