1. Global Economy and the Positive-Sum Game
Due to the ongoing globalization of markets and the increasing removal of barriers1, economic interactions between different countries are subject to fundamental discussions. ... But does international trade as one area of global economy really lead to mutual benefits as claimed by Liberalists? ... A typical result of countries opening up to the global economy is an increase in economic growth (Mankiw, 2010: 229). ... For instance, the effect of open trade on a country's prosperity is often measured by changes in the ratio of trade to GDP. ... Hence, it does only consider the positiv...
- Word Count: 1318
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate