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According to Lester Thurow, a(n) _____ form of capitalism is practiced in Japan and Germany typified by cooperation among government, management, and labor.

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User Clyde
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1 Answer

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Final answer:

Coordinated capitalism is practiced in Japan and Germany, characterized by collaboration among government, management, and labor.

Step-by-step explanation:

The form of capitalism practiced in Japan and Germany, as described by Lester Thurow, is known as coordinated capitalism. In this economic system, there is a high level of cooperation among the government, management, and labor. This collaboration helps to ensure stability, economic growth, and social welfare.

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User TheHiggsBroson
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