Liberalization

QUESTION #1 FINANCIAL LIBERALIZATION IN PWCR When looking at how financial liberalization (FL) is present in the Post-Washington Consensus Regime (PWCR), it is important to follow our new IPE approach which consists of two categories: materiality and ideas. This approach allows the reader to observe FL’s role in Global Development in action by answering three key questions: Who benefits and why from the way financial crises are resolved? What is the nature and source of power? How is the…

Poverty is a complicated system created by mankind. Although the world still hasn’t been ridden of poverty, significant progress has been made due to several interlocking factors. Some argue that this is due to the presence of international business. However, international businesses do not significantly contribute to the alleviation of poverty. Globalization of international businesses and the implementation of trade reform do not help impoverished people. Businesses globalize themselves to…

The debate on the liberalization of marijuana, considered by most a soft drug, is on the agenda in several countries worldwide. If for decades, the one for legalization were viewed as a poorly tolerated and deviant minority, in recent times it seems that this hypothesis has found new and influential supporters, if only because of the failure of prohibitionist policies adopted in the majority of countries. This is precisely the new element in the debate on legalization, as it is undergoing a…

In Africa, its position in the international system has been considerably weakened by the fact that it has been losing the race for economic development in general, and human development in particular, to other regions, these poor performances by African countries accounts in part for the political and social instability and rise of authoritarian regimes that have characterized much of postcolonial Africa, further weakening the ability of African countries to deal effectively with globalization.…

TRIMs is more related with the role of negotiations between multinational or transnational companies and the host country’s government. TRIMS can be grouped into three part: measures used to promote exports from the host country (export) performance requirements and trade balancing requirements), measures to reduce imports by the foreign investor (local content requirements), and measures to promote job creation and technology transfer. The aim of this measures is to control investment policies.…

the development of financial liberalization and the improvements of financial instruments (Passaris,…

1.1. The old and the new trade theories The traditional trade theories, namely Ricardian model and Heckscher – Ohlin model emphasize comparative advantages as the basis of the international trade, that is, inter – industry trade. The idea is that only when countries are different from each other, there is trade among them and; countries can benefit from their differences by exchanging the things they do not or cannot produce. Countries would export goods in one set of industries and import goods…

Chile’s Economy After The Fall of Socialism Government economic regulation determines how successful and how developed a country’s economy will be. In 1970, Salvador Allende rose to power through the application of Marxism. During his first year of rule, his government was successful in achieving economic growth, reduction of inflation, creation of employment opportunities, and increased income and consumption. This was realized through the increase of wages and salaries, increased distribution…

The TRIPS agreement is so contentious because it seemingly goes against the ideas of economic liberalization, which are the basis for the WTO and in the eyes of developing nations such as Brazil and India also go against the WTO development mission. To understand this let us briefly examine the adoption and implementation of TRIPS. In an ongoing case…

highest (level) in 1989 that all factors were together(high inflation and official corruption)7. Chinese people started to question about political liberalization that they should have freedom of speech. Western ideas (of political liberalization) became popular among Chinese people. The Soviet Union was a model that carried out the political liberalization. Many students were excited about Gorbachev's visit in Beijing. The Tiananmen Square incident(massacre) was a student's movement for a…