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Anglo-Saxon model
The
Anglo-Saxon model
or
Anglo-Saxon capitalism
(so called because it is practiced in
English-speaking countries
such as the
United Kingdom
, the
United States
,
Canada
,
New Zealand
,
Australia
and
Ireland
) is a
capitalist
model that emerged in the 1970s, based on the
Chicago school of economics
. However, its origins date to the 18th century in the
United Kingdom
under the ideas of the
classical economist
Adam Smith
.
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