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Full-Text Articles in International Economics
The Dangers Of Aggressive Trade Liberalization: Why The Washington Consensus Is Not A Global Consensus, Stephen T. Hanshaw
The Dangers Of Aggressive Trade Liberalization: Why The Washington Consensus Is Not A Global Consensus, Stephen T. Hanshaw
Government Undergraduate Publications
The theory of trade and capital market liberalization has been floated around in discussions about economic stability and development for decades. Due to the fact that the world is becoming more and more interdependent and interconnected each and every day, the necessity for a global market emerged in the early 1990’s. The Western response to globalization in many cases was dubbed the "Washington Consensus," of which trade liberalization is a huge part. The idea of trade liberalization is centralized in the idea of a free-market economy, originally posited by Adam Smith. His model proposed the idea of the "invisible hand", …