1. Globalization and Development
Most liberals are enthusiastic about the economics of the free market. ... Allowing free trade sends price signals that encourage people to work at what they are best at, a strategy that benefits everyone over the long term. ... When workers in Europe or the US ask for higher wages employers can easily threaten to move production somewhere cheaper, arguing that growing competition produced by free trade will drive them out of business. ... Furthermore, governments need business, and business's tax revenues to provide their citizens with expected services. ... Liberals argue that governmen...
- Word Count: 7309
- Approx Pages: 29
- Grade Level: Graduate