What is Neoliberalism and why is it important ?
In: 0
It is about making it easier for companies to work and make money, but on a global scale. For instance, making it cheaper for a maker of chairs in one country to buy and ship in wood from another country. Or, making it easier for a tech company to build a factory in another country and then hiring local people to work there at cheaper costs than in the company’s home country. The idea is that private company power grows and possibly country government power gets smaller as a result.
A big complaint about it is that private companies usually are just looking out for themselves, so when you take away regulations on things, it makes it easier for them to destroy the environment or exploit cheap labor in developing countries and then poor countries stay poor and rich countries get richer.
What is Neoliberalism and why is it important ?
In: 0
It is about making it easier for companies to work and make money, but on a global scale. For instance, making it cheaper for a maker of chairs in one country to buy and ship in wood from another country. Or, making it easier for a tech company to build a factory in another country and then hiring local people to work there at cheaper costs than in the company’s home country. The idea is that private company power grows and possibly country government power gets smaller as a result.
A big complaint about it is that private companies usually are just looking out for themselves, so when you take away regulations on things, it makes it easier for them to destroy the environment or exploit cheap labor in developing countries and then poor countries stay poor and rich countries get richer.
Latest Answers