1975 - 1975-1990: Neo-liberalism, international finance,...

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1975-1990: Neo-liberalism, international finance, electronic revolution and global competition: Thomas Friedman’s “Flattening” thesis o Shift in economic philosophy in the US and great Britain occurs – Neo-liberalism, only if the role of gov is reduced could economies begin to grow rapidly again, lower taxes, less regulations reducing welfare states, laissez faire o Dominates domestic policies in these 2 countries o Decline of bretton woosd, neo-liberalism, and technology advances stimulate increase in trade, production, foreign trade o The constraints of a regulated capitalism fall away and create new condition for dynamism 1990-present: the end of the cold war and the triumph of global capitalism o The languages of globalization: advocates, critics, and middle roaders Advocates Economic growth, wealth creation, prosperity o More economic growth for more ppl than in any period of history Interdependence and conflict prevention o Increase economic and political interdependence to the
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1975 - 1975-1990: Neo-liberalism, international finance,...

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