- The Globalization Trap
The Globalization Trap
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This book is based on 4 themes:
The rise of neoliberalism - Neoliberalism is an ideology that emphasizes globalism, free trade, privatization, and deregulation. The idea emerged in the mid-20th century, and became a US economic policy when multinational corporations, with the support of the U.S. government, adopted neoliberalism and globalism and began outsourcing to low-cost countries in the 1970s. It is not a program based on economic theory: it is political agenda based on free markets where there are definite winners and losers.