Within varieties of capitalism theory, liberal market economies (LME) and coordinated market economies (CME) are distinguished. CMEs are characterized by developing a highly specialized labour force, while LMEs develop more general skills.

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This is correct according to the varieties of capitalism theory. CMEs, such as Germany and Japan, tend to have a more collaborative relationship between employers and employees, with greater emphasis on education and training for highly skilled workers. LMEs, such as the United States and United Kingdom, have a more individualistic approach to employment and tend to develop a more general skill set in their labor force.

Within Varieties of Capitalism Theory, Liberal Market Economies (LME) and Coordinated