This chapter was written by He Chuantian and has been translated by Li Jinxin. It first describes the European economy from the European Community (EC) to the European Union (EU), including the development from one to the other, as well as the Customs Union, the Common Agricultural Policy, and the fiscal systems. The economies in four major European countries, Germany, France, the UK, and Russia, are outlined, as is the American economy.
Full citation [Harvard style]:
Xu, G. , Chen, Y. , Xu, L. (2018)., Economic systems of the West, in G. Xu, Y. Chen & L. Xu (eds.), Understanding Western culture, Dordrecht, Springer, pp. 61-92.
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