Globalisation and Neoliberalism
- Created by: GJackson
- Created on: 13-05-18 16:35
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- Globalisation and Neolibralism
- Adam Smith
- Gvmt should impose economic restrictions
- The Invisible hand - Unintended impacts of individual actions
- Acting in self interests can sometimes benefit others
- Neoliberalism
- 1960's -> view
- Believes in free trade (AKA economic liberalism)
- Switch to privatisation from nationalisation
- Helps to reduce gvmt spending
- Benefits
- Greater access to products
- Competitive pricing
- Liberalism
- Promotes the importanceof an individual without restrictions
- Economic liberalism wants to eliminate tariffs and quotas
- Adam Smith
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