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Globalization as a modern day fact of life is spurred essentially by advanced technology. In order for everyone to potentially gain from this process, the right balance should be found in the trilemma of Welfare, Capitalism and Democracy. Capitalism, a self-interest, individualistic system, theoretically contrasts to the belief in equality inherent in the political process of democracy. To make the former and later compatible, the social welfare system was invented to help the underprivileged. As countries are not all at the same stage of political and economic development, they need different adjustment policies to cope

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