Liberal economics (Edexcel A-Level Politics): Quizzes

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The development and spread of liberal economics
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Which features are essential to liberal democracy?

Rule of law & capitalist economy

What characterises a liberal economy?

Private sector wealth creation

When and where did the Industrial Revolution begin?

Late 18th century England

Which innovations facilitated the Industrial Revolution?

Iron, steel & textiles

Where did industrialisation spread during the 19th century?

Western Europe & USA

Which institutions promoted liberal economic policies in the 20th century?

IMF & WTO

What did Francis Fukuyama argue in his 1989 essay?

Capitalism is final human development

What context shaped Fukuyama's ideas in 1989?

Soviet collapse & E. Europe reform

Which countries saw failed democratisation after the Arab Spring?

Libya, Egypt, Syria & Yemen

What does economic peace theory suggest?

Market economies avoid war

What was Friedman's Golden Arches Theory (1999)?

McDonald's countries don't war

What did Friedman's Dell Theory (2005) argue?

Supply chain partners avoid war

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