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Liberas world online archive
Liberas world online archive







liberas world online archive

We now see the rise of countries like Russia, China and India countries with their national sovereignty intact and high on their agenda. In their haste to implement their Liberal Globalised World Order, they have brought about tragic mistakes such as the war in Iraq, Libya and the global economic crisis. In the European Union, all national sovereignty has now either passed or it’s over-ruled by the EU, a foreign entity.

liberas world online archive

In the West’s intervention of Iraq, they ignored the sovereignty norm in international law, rather than uphold the national sovereignty. At that time, other countries were left alone to their own business, secure within their own sovereignty, whilst the political struggle between US and the Soviet Union as the superpower continued.Īfter the fall of the Soviet Union, the West expanded with its liberal world order by penetrating countries’ borders and sought to pool sovereignty and establish international rules which governments must adhere to.

Liberas world online archive free#

This was underpinned by institutions such as the World Bank, the IMF and NATO through the United Nations promoting free trade. As we see today, poor unemployed people migrate to the more profitable western areas on a large scale.Ī Liberal World Order is not a new concept, having surfaced from the end of WW11 to uphold peace and support global prosperity. It only leads to the enrichment of present strong economies and weakens the poor ones. It will not lead to investment and training in underdeveloped or weakening areas. But there then exists a distribution of resources rather than a natural division between countries. Two countries capable of producing two commodities engage in the free market, then each country will increase its overall consumption by exporting the good for which is has comparative advantage while importing the other good, provided there exists differences in labour productivity.Ĭonventional argument is that with unrestricted movement of capital, labour, goods, services will be resolved on the basis of comparative advantage. In this model, they can produce a good at a lower cost, prior to trade. In a free trade, countries will produce more yet consume less of a good for which they have comparative advantage.

liberas world online archive

What of the cause of liberal globalisation on a weaker country? In 1817, David Ricardo, developed the classical theory of comparative advantage. A way of thinking that dominates the western world today, involving the free movement between countries of labour, capital, goods, services and people. But perhaps it’s better described as neo-liberal globalisation. Other countries, such as Russia, China may have complained, had alternative approaches, but basically went along with the western-defined rules and model. Is a liberal globalisation world order beneficial to the sovereign person in a democracy?įirstly, what is liberal globalisation? The west, especially the United States, dominated the world, the liberal order, and whatever they said it was it was.









Liberas world online archive