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Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which... Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which...
Nevertheless, the situation in Japan, the world's third largest economy, will have a greater impact on the global economy in the years to come than Greece ever will. And for aging Western Democracies like the U.S., watching what unfolds in Japan may be like looking into a crystal ball of our own economic future.