Dailymail - Social Democracy - Ill Effects and Abuses of Social Benefits
Dailymail - Social Democracy - Ill Effects and Abuses of Social Benefits
Dailymail - Social Democracy - Ill Effects and Abuses of Social Benefits
3.1. Pengenalan
PEACE
i) neo-liberalism/free-market capitalism
- blames it on the failure of government to allow the “invisible hand”
(market forces) to dictate and stimulate economic development and
growth (excessive state intervention); distortion of market forces
- policy prescription = minimal state/deregulation and privatization +
promotion of free trade system (laissez faire)
- perspective advocated by contemporary global economic institutions (i.e.
WB, IMF, WTO, etc)
CORE
(A)
A = Core B
B = Semi-Periphery
C = Periphery
Bilateral econ.
relationship (trade and
investment) C