Globalization And Its Impact On Political Culture Essay examples
It is important to note that among the supporters of economic and social development, there are currents with opposing views and radically different thoughts in their perceptions of the benefits of globalization; like in the case of libertarianism and neo-conservatism in political, or the Austrian school and monetarism / neoclassical school of economic doctrine.
Libertarians and other supporters of laissez-faire capitalism say that high levels of political and economic freedoms, in the form of democracy and capitalism have been known in the developed world and have produced high levels of material wealth. They see globalization as a beneficial process of extending freedom and capitalism.
Those who support free trade claim that the increase in both economic prosperity and opportunities, especially in developing countries,…