Write a 6 pages paper on neo-liberal world order and economy of the developed world. Moreover, political transformations as a result of globalization have caused the reorganization of power from national to international bodies as well as the development of global civil society. Social and cultural transformations are also evident as a result of the integration of different cultures facilitated by technological advances especially in communication as well as improved transport linkages globally (Gaddis .& Hurrell .2003).With increased globalization, the global political economy developed as a multifaceted field focused on international trade, finance, and economic policies of various nation-states affecting international trade and production. Neo-liberalism fails to take into consideration the distributive facets of economic development, environmental integrity, employment creation, and social well-being (equity and justice) among other aspects collective social good, which was the concern of the welfare state. Consequently, it has encouraged denationalization, deregulation, and haphazard opening of markets as a solution for many of the troubled Third World economies.According to Yovanovich (2003), neo-liberalism can be considered as a flawed social and moral philosophy aimed at promoting the accumulation of wealth among developed economies at the expense of developing nations. The neo-liberal perspective generates the notion that poor Third World countries can only accomplish their economic development goals through integrating economic policies, for instance, liberalization in their systems. This would consequently uplift them from perpetual poverty and enhance the standards of living for their populace. However, Foot et al. (2003) observe that liberalization would essentially damage the Third World countries with slumps in economic growth, escalation of interest rates as well as the intensification of income inequality. The difference between the average incomes of the ten richest and ten poorest countries doubled between 1980 and 1999.
Freebies just for you
We are available 24/7
We help you complete college assignments in under 24 hours.
Get help with essays, research papers, PowerPoint Presentations, reports, reviews, and projects at incredibly low prices.
Neo-liberal world order
We will write a custom paper for you at $15.50 $11/page
Free title page
Free reference page
EssayTab is hands down the best essay writing service for college students. I was initially skeptical about the quality of a product that has such a low price point but I can tell you that it’s worth every penny! I’ve been using EssayTab for my essays in college as well as in grad school, and they always deliver excellent content.