An economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society.

The economic system is composed of people, institutions and their relationships. It addresses the problems of economics, like the allocation and scarcity of resources.

The division of economic systems

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More on [ Economic system ]

BBC News | Asia-Pacific | World Edition

Thailand PM vows not to use force
Thu, 28 Aug 2008 08:40:37 -0000
The Thai PM says he will not use violent means against protesters besieging Government House, in an apparent change of heart.
China admits mismanaged funds
Thu, 28 Aug 2008 08:33:29 -0000
China's government departments misused, embezzled or mismanaged more than $6.7bn in 2007, the state auditor says.
Two police die in Xinjiang clash
Thu, 28 Aug 2008 10:32:18 -0000
Two Chinese policemen have been killed in a clash in the north-west region of Xinjiang, reports say.
Peacekeepers to stay in Mindanao
Thu, 28 Aug 2008 08:46:53 -0000
Malaysia says its peace monitors will remain in the southern Philippines, after days of fierce fighting there left dozens dead.
Malaysia's Anwar sworn in as MP
Thu, 28 Aug 2008 06:54:58 -0000
The Malaysian opposition leader Anwar Ibrahim has been sworn in as a member of parliament, ending a decade's absence.
Exhausted Dalai Lama stops trips
Wed, 27 Aug 2008 13:11:46 -0000
Tibet's spiritual leader, the Dalai Lama, is suffering from exhaustion and has cancelled all international trips, officials say.

NYT > Asia Pacific

Military Sending Foreign Fighters to Home Nations
Thu, 28 Aug 2008 05:08:33 -0000
More than 200 militants captured in Iraq and Afghanistan over two years have been passed to their countries’ intelligence services.
U.S.-Pakistani Brainstorming on Border Violence
Thu, 28 Aug 2008 05:38:02 -0000
The extreme secrecy surrounding talks between the most senior American and Pakistani commanders on Tuesday underscores how gravely the two nations regard the militant threat.
U.S. Officials Describe Afghan Airstrike
Thu, 28 Aug 2008 05:51:38 -0000
American military officials sought to refute claims that as many as 90 civilians, most of them children, were killed in airstrikes on a village in western Afghanistan last week.

L.A. Times - Asia

Georgia looks for the silver lining
Thu, 28 Aug 2008 00:00:00 -0700
Despite devastating losses from the war with Russia, leaders think the West now sees Moscow's true colors and will redouble support. Many of this small onetime Soviet republic's most dreaded nightmares have come, suddenly, to pass.
Arrest warrants issued for Thai protest leaders
Wed, 27 Aug 2008 07:32:00 -0700
Arrest warrants for insurrection were issued today for leaders of the Thai protest movement whose members occupied the office compound of Prime Minister Samak Sundaravej , seeking to topple his government.
Top Marine wants to shift troops from Iraq to Afghanistan
Thu, 28 Aug 2008 00:00:00 -0700
Gen. James Conway says the insurgent threat in Iraq's Anbar province has decreased and the forces could better serve in violent regions of Afghanistan. Marines in western Iraq's Anbar province no longer face a serious threat from insurgents and would be better used in increasingly violent regions of southern Afghanistan, the top Marine Corps officer said Wednesday.

UN News Centre - Asia Pacific

Amid violent protests, UN urges restraint in Indian-administered Kashmir
Wed, 27 Aug 2008 00:00:00 -0500
The United Nations Office of the High Commissioner for Human Rights (OHCHR) has voiced its concern about the recent violent protests in Indian-administered Kashmir that have reportedly led to civilian casualties and restrictions to the right to freedom of assembly and expression.
UN relief agencies respond to Nepal's flood crisis
Wed, 27 Aug 2008 00:00:00 -0500
The United Nations food agency in Nepal announced today that it was mobilizing emergency aid for the 50,000 people forced to flee their homes by last week's severe flooding in the eastern region of the Asian nation.
Unilever staff in Pakistan fund UN programme with new payroll scheme
Wed, 27 Aug 2008 00:00:00 -0500
The United Nations food agency today announced the launch of a joint venture with the employees of industrial giant Unilever, who will donate a percentage of their pay to help combat child hunger in Pakistan.

Asia - Pacific - International Herald Tribune

Protesters face police in Thailand
By SETH MYDANS Thu, 28 Aug 2008 04:57:37 -0000
Thousands of protesters refused a civil court's orders to leave the premises on and their leaders challenged the police to enter and arrest them.
U.S. officials describe Afghan airstrike
By ERIC SCHMITT Thu, 28 Aug 2008 04:57:37 -0000
American military officials sought to refute claims that as many as many as 90 civilians, most of them children, were killed in airstrikes on a village in western Afghanistan last week.
Shrouded in secrecy, top military officials discuss violence along Pakistani border
By ERIC SCHMITT Thu, 28 Aug 2008 04:57:37 -0000
The extreme secrecy surrounding talks between the most senior American and Pakistani commanders on Tuesday underscores how gravely the two nations regard the militant threat.
9 killed in bomb blast in northwestern Pakistan
Thu, 28 Aug 2008 04:57:37 -0000
Suspected militants bombed a van carrying prisoners in northwest Pakistan on Thursday, killing at least nine people, as fighting between security forces and extremists flared across the tribal belt.
Switzerland frees $60 million in Zardari's assets
By SOUAD MEKHENNET Thu, 28 Aug 2008 04:57:37 -0000
The accounts of Asif Ali Zardari, who is expected to become Pakistan's president, had been frozen in 1997 at the request of Pakistani authorities investigating Zardari for corruption.
Anwar sworn in to Malaysian Parliament
Thu, 28 Aug 2008 04:57:37 -0000
Opposition leader Anwar Ibrahim has been sworn in as a member of Malaysia's Parliament after a landslide victory in a special election.

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