1. Globalization and Development
Liberal thought values individual freedom and tends to be optimistic about the potential for mutual gains in human interaction, including under globalization. ... Globalization has helped to reduce transport and transaction costs so the potential gains from specialization are increased. ... Fundamental to all, however, is a considerable skepticism concerning the liberal emphasis on mutual gains from economic interaction. Marxists concentrate less on efficiency gains (though many accept these may take place) and focus more on how changing production provides new kinds of economic power that can...
- Word Count: 7309
- Approx Pages: 29
- Grade Level: Graduate