DQs and CheckPoint - DQ1 Q:? marketeconomy? theeconomyoftoday A:TheNewMarketEconomy, basedonec

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DQ 1 Q: What were the negatives of the new market economy? What were the positives of the new  market economy? How did the creation of a single market economy shape American values and  the economy of today? A: The New Market Economy, or the globalization of economic development was primarily  based on economic values, rather than political systems. Instead of focusing on capitalistic  versus communistic versus socialistic economies, the NME believed the individual nations all  have resources to utilize for the betterment of their own system. Because each individual nation  has differing resources, the NME acted as its own gauge in providing the kinds of products and  services necessary for the improvement of society, and therefore, the global system as a  whole.There are several positives and negatives for the NME. With globalism, each nation must  take responsibility for their portion of the global eco-system, and work not just for the betterment  of their particular country, but for all countries as a whole. This, of course, is dependent upon  their relative wealth and ability to gainfully participate, and this is one of the negatives: the  developed world has had a 200 year head-start on utilizing the resources to build their own  economies, without the ecological concerns and issues that surround global development now.  Still, the idea of a global economy spurs all nations to work towards improvement of non- polluting technologies, more efficiency in global transportation and distribution, and a more self- correcting economy in which fairer prices without tariffs can exist. DQ 2
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This note was uploaded on 10/24/2010 for the course HIS/115 his/115 taught by Professor Kitchens during the Spring '10 term at University of Phoenix.

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DQs and CheckPoint - DQ1 Q:? marketeconomy? theeconomyoftoday A:TheNewMarketEconomy, basedonec

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