3604-Quiz 4

3604-Quiz 4 - Neoliberal Globalization Global Economy and...

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Neoliberal Globalization Global Economy and Privileged Class The Price of Jobs Lost Pages 52-92  The chapter talked about neoliberal globalization which is a meaning of promoting  economic development and securing political liberty. In a way, it is very similar to the 18 th  and  early 19 th  centuries’ view of classical liberalism. Neoliberalism is not a unified philosophy, but  rather a label that identifies a movement in social and political entities that that pulls away from  centralized postwar economic institutions in lieu of decentralized economic institutions.  The Chapter then moves on to talk about the global economy and the privileged class. It  is estimated that over 94,000 people in the world have more than 30 million dollars. The political  and economic influence that the privileged class have in the world is outstanding, from being the  head of Corporations that employee thousands of people to political influence and royalty. The 
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