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Module 8 — The Future and Globalized EconomyDiscussion: The Future and Globalized Economy – Topic: Comparison of World EconomiesTopic: Comparison of World EconomiesConsider the chapter by Geoffrey Schneider and respond to each of the following:What are the strengths of a Market Dominated Economy (MDE)? What are its limitations?What is the difference between an MDE and either a Social Market Economic (SME) or the State Dominated Economic (SDE) model?Why is the MDE a more effective model?While discussing these points, be sure to mention the role that the government plays and each model’s historical progression. Your initial thread must use the Schneider chapter, the textbook, and 1 additional source.Textbook = Author: Larry SCHWEIKART Ph.D. – VBID: 9780814414125 (it’s virtual so not able to provide it)Schneider chapter – See attached document.See Discussion Assignment Instructions below.Overview – The discussion assignments in this course are meant to be collaborative learning experiences that foster a community and collegiality spirit. Still, you must also view these as academic assignments with formal requirements.InstructionsFor these discussions, please adhere t

o these guidelines:All threads must demonstrate comprehension of the course material and refer specifically—through paraphrase, summary, or quotation—to content from the readings and presentations. Your use of the course the material must not be mechanical; rather, you must use them strategically, and you must comment on the material you have cited.
You must cite 2-3 relevant sources in your initial post and include a bibliography for them. Check the prompt for specifics. (Note: these must be academic or scholarly sources.) Ensure that your footnote citations and bibliographic information are accurate and complete, according to the Turabian style. (Citations in replies are encouraged)You are expected to read your classmates’ posts, selecting the set number to respond to, and it must be done in a specific and positive way that furthers the conversation. It needs to be more than a mere agreement or disagreement. Remember that these topics are for discussion precisely because there may be no clear-cut, “correct.” answers, and opinions may differ.The initial thread must be approximately 800-1000 words, and your replies must be approximately 200-250 words.