Essays on Economic Liberalism

IS THE WORLD ECONOMY BECOMING MORE GLOBALIZED, MORE INTERNATIONALISED, MORE WESTERNISED OR MORE NEOLIBERAL? DISCUSS

Introduction The world economy is a contemporary topic of study in the current century because of its uncountable benefits. People need to understand the economic situation of the world to foster local, regional, and international development. There are numerous benefits of understanding the economic trends in the world. Understanding the world’s economic trends enhances an individual’s purchasing powers, economization, and creating a platform of countering the effects of any economic problem such as recession and depression (Cannan, 1976: 34). From the past experiences, it is notable that the world economic recession affected many people and institutions. Although some ...

Represents the End of History

In his article titled “The End of History”, the author, Francis Fukuyama (UAF, 2013, p.1) seeks to prove that the liberal democracy that Western Nations advocate for sounds the death knell for sound and divergent political ideology that forms the world history. Subsequently, Fukayama (UAF, 2013, p.2) argues that the net effect of the advent of the Western liberalism ideology will result in the “end of history”. Tharoor (2012) describes Fukuyama as a “distinguished political philosopher and intellectual”. In his argument, Fukayama (p.2) seeks to cement the fact that Western ideology has seen systematic acceptance and success in many ...

Section A

Question 1 Economic Liberalism is an economic doctrine which supports and promotes the economy of private belongingness in the means of production. Proponents of economic liberalism believe that it is not possible to separate political and social freedom from economic freedom. It opposes government interventions which inhibit free-trade and competition in free-markets. Social liberalism, believes in the inclusion of social-justice into liberalism. The good of the community is viewed as being proportionate with the freedom of the individual. In healthcare, liberalism affects policy choices.

Question 2

The advantages of interests groups in healthcare policies are that, first, they ensure that ...

The concept of ''liberalism'' emerged in the early 19th century in European political literature. For the first time this term was used in Cadiz Constitution in Spain in 1811, when a group of politicians defined the constitution drawn up by them as liberal. Later this concept was included in the English, French, and then in all the European languages. The term ''liberalism’' comes from the Latin ''liberalis'' which means freedom (Merriam-Webster Dictionary). Today, liberalism is a complex system that characterizes the economic and political relations in the country. Initially, liberalism was a purely political notion; economic sphere, although emphasized, was not ...

Introduction

An initially challenge faced by any scholar attempting to study neoliberal ideology in more detail is the apparent lack of written literature on neoliberalism from a neutral or sympathetic point of view. In real sense, everyone writing about the ideology do so as part of a critique of the ideology. According to this critical analysis, neoliberalism refers to the rejuvenation and spread of one specific aspect of liberal tradition, namely economic liberalism. Funder mentally, economical liberalism refers to the notion that states should abstain from intervening in the economy, and instead leave space for individuals to participate freely in self-regulated markets. ...

Neo-liberalism entails a set of economic ideologies that aim at changing the business environment in favor of private businesses through reduced restriction from the government and reduced levies, with a view of hedging the loss in profit that the private businesses have experienced in the period of the last 25 years.1 Adam Smith a Scottish economist advocated for the eradication of government intervention on economic matters. Smith is the author of The Wealth of Nations published in 1776. Smith advocated that businesses operate without restrictions on manufacturing, without barriers to commerce, and without tariffs. He recommended free trade, as the best ...