Globalization, Russia, And Morocco s Economies - 2165 Words

Since the 1990’s and the rise of globalization in the 1970’s, neoliberal economic change have transformed transnational markets and contributed to many social implications. This paper will explore the impacts as well as the factors that contributed and shaped the global economic changes in the post-Cold War era. This paper will also explore globalization and neoliberal economic shift through India, China, Russia, and Morocco’s economies. This paper argues Thomas Friedman’s view that while economic shifts are decisions made by individual economies, at the same time were inevitable, as to compete in the global market it is necessary to partake in neoliberal economies. This paper also discusses the idea that globalization is merely an extension of colonialism and imperialism and that impact on developing nations and economies through their interactions with the Washington Consensus. The factors that contributed to economic change were extremely intertwined wi th the Washington Consensus and globalization. The end of the Cold War contributed to the multipolarity of how the states now interact. By opening up free markets, states were then able to shift they economies and become more global where as before they were limited to communism and capitalism. The neoliberal ideological shift from created the multipolarity of the world today by the creation free markets. The Washington Consensus was a policy implemented which contributed to market fundamentalism as we know it today. TheShow MoreRelatedGlobalization And The Middle East998 Words   |  4 PagesIntroduction There are many significant change in the world economy occurred, marked by globalization each country has different speed of development under different political and cultural background. 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