Liberal economics (Edexcel A-Level Politics): Flashcards
📚Flashcards
Practise the cards
14 cards from this deck
ShowHide
Practise the cards
14 cards from this deck
Liberal democracy key features
Liberal democracy key features
Rule of law, capitalism, free elections, participation, representation, accountability
Liberal economy characteristics
Liberal economy characteristics
Private sector wealth creation, minimal govt intervention
Industrial Revolution start: where & when
Industrial Revolution start: where & when
England, late 18th century
Industrial Revolution spread: 19th century
Industrial Revolution spread: 19th century
Western Europe and United States
Globalization acceleration period
Globalization acceleration period
Latter half of 20th century
Organizations promoting liberal economics
Organizations promoting liberal economics
IMF and WTO
Fukuyama's 1989 essay title
Fukuyama's 1989 essay title
The End of History and the Last Man
Fukuyama's main argument
Fukuyama's main argument
Capitalism is final stage of human development
21st century challenges to liberal democracy
21st century challenges to liberal democracy
Arab Spring failures, fundamentalist Islam, authoritarianism
Economic peace theory
Economic peace theory
Market economies less likely to war; interconnected & dependent
Friedman's 1999 book
Friedman's 1999 book
The Lexus and the Olive Tree
Golden Arches Theory
Golden Arches Theory
No 2 countries w/ McDonald's franchises went to war w/ each other
Dell Theory (from 'The World is Flat')
Dell Theory (from 'The World is Flat')
No 2 countries in same supply chain would go to war
Quote: freer market means...
Quote: freer market means...
The freer the people