What term refers to an international economic order based on the pursuit of free trade, but allowing an appropriate role for state intervention in the market in support of national security and national and global stability?

Question

Quizplus · Accepted Answer

Embedded liberalism is the term that describes an international economic system that combines free trade with the allowance for state intervention in the market, particularly to support national security and ensure both national and global stability. This concept emerged post-World War II to balance the benefits of a liberal international trade system with the need for governments to protect their own economic and social policies.

What Term Refers to an International Economic Order Based on the Pursuit