Globalisation and Neoliberalism

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  • 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

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