Most liberals are enthusiastic about the economics of the free market. ... Liberals argue that trade benefits everyone because it helps people concentrate on what they are best at (the formal version of this argument is the theory of ˜comparative advantage'). ... Globalization has helped to reduce transport and transaction costs so the potential gains from specialization are increased. ... As with liberalism, there is no single Marxist viewpoint, but instead degrees of Marxist variation. Indeed, much anti-globalization writing is not compatible with classical Marxist thought. ...

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• Approx Pages: 29
• Grade Level: Graduate