In keeping with the normative prescriptions of liberal economic ideology,in country after country we have seen state-owned businesses privatised,widespread deregulation adopted,markets opened to more competition,and commitment increased to removing barriers to cross-border trade and investment.All of this helps to:
A)achieve economic dominance over the rest of the world.
B)ensure authoritarian governments shift in emphasis towards more democratic controls.
C)facilitate a move towards the establishment of a more global economic system.
D)predict shifts (along with their attendant risks)in the economic,political,social,technological and environmental structures of the worlD.

Question

Quizplus · Accepted Answer

The adoption of liberal economic prescriptions such as privatisation, deregulation and free trade promote the establishment of a more global economic system by removing barriers to trade and investment. This creates a more interconnected global economy, facilitating cross-border transactions and the movement of goods, services, and capital between countries. However, it may also lead to greater economic concentration and inequality, especially if corporations become dominant players in the global economy.

In Keeping with the Normative Prescriptions of Liberal Economic Ideology,in