In addition, these countries are making steady efforts to promote fiscal consolidation, to reform their central bank systems, and more broadly, to review national economic policy management and its framework. This common trend among the industrialized countries is closely related to the recent changes in the global economy.
The collapse of the former socialist bloc, for example, demonstrated the superiority of a market economy over a government-controlled economy: that is, the superiority of a decentralized economy over a centrally-planned economy.