1. Does the gap between rich and poor countries widened?
... liberalization and opening of trade across borders led to the globalisation. But, maybe the last phase of globalisation, which began after the election of Margaret Thatcher, and Ronald Reagan, gives the better definition of this phenomenon: the free market. The XXI century shows the considerable gap between the rich ... trade, and reduce tariffs barriers... Free enterprise was seen as the key of economic success. And, at the same time, Margaret Thatcher thought that if rich people become richer by being well paid, they would launch the economy. The idea of changing the economic system to...
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- Grade Level: Undergraduate