IRG Reading Response Week 6

IRG Reading Response Week 6 - believed it would be...

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Andrea Pinilla Dr. Anderson IRG- 40235 October 7 2014 Reading Response Week 6 In an increasingly globalized world, many peripheral countries have turned to globalizing their economies as an answer to their developmental woes, but most have found their attempts a failure. Rodrik believes hyperglobalization, contrary to popular belief, may actually worsen a country’s prospects for development mainly because countries who adopt hyperglobalization sometimes sacrifice their own democracy in order to make it work. Instead of countries or their people deciding what to do, international economic organizations restrict their choices with global economic regulations in order to encourage free market and free enterprise. For example, the European Union banned imported and domestic beef reared on hormones because they
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Unformatted text preview: believed it would be hazardous if consumed by consumers (Rodrik 196). The World Trade Organization claimed the European Union’s beef restrictions violated open trade, ultimately forcing the European Union to accept these beefs. By doing this, the WTO interfered on the European Union’s right to come up with its own health and safety standards for its own populace. These decisions could be detrimental for the European Union’s development since they are risking the lives of Europeans in order to oblige to free market principles. It is this domination of international politics over domestic politics in the world economy that Rodrik worries will impede the progress of developing nations....
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