Author Question: What are some of the positive and negative consequences to globalization? Why would autocratic ... (Read 132 times)

asmith134 · **on:** Sep 3, 2018

What are some of the positive and negative consequences to globalization? Why would autocratic regimes tend to refuse to integrate into the global economy more so than democratic regimes? Explain your answer.

What will be an ideal response?

Question 2

Describe the economic crisis of 2008 . Describe the four stages of the crisis. What have been the impacts of the crisis? How has the crisis called into question the free marketoriented Washington Consensus that has dominated since World War II? How have the powerful countries dealt with the crisis?

What will be an ideal response?

amcvicar · **Reply #1 on:** Sep 3, 2018

Answer to Question 1

Globalization is the integration of states through increasing contact, communication, and
trade, as well as increased global awareness of such integration. There will always be
winners and losers in any changing economy.

Answer to Question 2

Myriad economic and political factors caused the global financial crisis, and the
particulars of the crash, especially the investment instruments themselves, are
incredibly complex. Indeed, former chair of the U.S. Federal Reserve Alan
Greenspan noted that a key cause of the crisis was the inability of the world's most
sophisticated investors and regulatorsthe people who actually created and
worked with these instrumentsto understand the.