... will testify to such a fact." Marxist and liberal approaches assume the globalization of production as a fact, and concentrate on the effects that globalization has on people's welfare. However, there exists a third approach, an agency-centred approach that does not rule out liberal or Marxist perspectives but shifts attention to concentrate on how government policy can shape the consequences of globalization. It ... tried to keep their wages rising in line with prices. By the late 1970s, the economic situation in the West was considered very bad indeed, and US and UK political parties ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate