09PPT - Chapter Nine How Globalization Works Globalization:...

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Unformatted text preview: Chapter Nine How Globalization Works Globalization: Realism • Emphasizes mercantilist policies • Indifferent to other countries’ internal policies • Favor inward-first approach: Countries first fix internal problems, then push for compatible policies abroad Globalization: Liberal • Emphasize common goals and absolute benefits from globalization • Prefer outward-first approach: Countries first agree on common international policies, then change individual policies to conform to these agreements. Globalization: Identity • Focuses on the social discourse that creates policy goals • Considers substantive objectives or ideas behind economic policies more important than their coordination or relative material consequences Types of economic policies • Exchange rate policy—has the greatest immediate impact on the prices of a country’s goods and assets. • Trade policy—affects the prices of goods and services when they cross the border by taxing or subsidizing the price or restricting the quantity. •...
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This note was uploaded on 10/25/2011 for the course HUMA 002 taught by Professor Yu during the Spring '11 term at Alcorn State.

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09PPT - Chapter Nine How Globalization Works Globalization:...

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