1. Global Economy and the Positive-Sum Game
... actors involved at the expense of the remaining participants. With regard to this debate, the present essay investigates liberal claims that the international economy is a "positive-sum" game, arguing that evidence supporting Liberalism is of rather fragile nature.2 According to Liberalism, international economic exchange provides advantages for all actors involved and leads to an increase in wealth. ... and Marxism – Liberalism focuses only on the consequences of resource allocation on social welfare without dwelling on its distributional consequences (Mankiw, 2010: 228; Oatley, 2012:...
- Word Count: 1318
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate