Impact Of Globalization On The World Of The Neoliberal Era...

The world is a far more connected place today than 150 years ago. The rapid rate of technological advancement which in turn accelerated international trade has led us to an age where states are politically, economically and culturally interconnected. Now, to many, this seems like a good thing, and in many cases it is: the ability to talk to someone instantaneously from the other corner of the planet, to buy something from china and for it to arrive within a week†¦ are all positive things that stem from globalization, but underneath these superficial changes the world has seen a pretty big economic shift since the dawn of the neoliberal era and the rebirth of globalization. To be able to properly analyze the effect globalization has had on inequality we have to look at how we define it: Most neoliberalists tend to look exclusively at extreme poverty as the reference point for inequality and therefore the only objective to eliminate, in fact the World Bank’s online entries about poverty (http://www.worldbank.org/en/topic/poverty/overview,2016) talk only about the extreme type of poverty, whereas most critics of neoliberalism underline the need for economists and politicians to also focus on relative poverty and the fast growing gap between the rich and the poor. There is also the question of who we are referring to when talking about inequality; inequality can be discussed both at state level and at an individual level. In theory the answer should be simple; according to DavidShow MoreRelatedAmerica ´s Neoliberal Capitalism and the Economic Expansion Essay examples2244 Words   |  9 PagesAmericas neoliberal capitalism and the economic expansion After the crisis of government regulation capitalism about six years from 1973 to1979, a new layout liberal capitalism started to appear; firstly it was in Britain and the United States. In America, the new liberal capitalism was of main features in following: (1) Cancel the regulation of finance and business not only in domestic but also internationally, allowing the free market rule, and realizing capital to flow freely. (2) PrivatizeRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesLinda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape