GWST 1502 Study Guide - Quiz Guide: Conditionality, Jamaica Labour Party, Environmental Protection

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Jaggar starts her article by stating the definition of globalization. According to the definition given in the article, globalization refers to any system of transcontinental travel and trade (jaggar, 527). The world trade organization regulates the global market through which globalization is distinguished when the local and national economies unify which can lead to high growth industries in developing countries. Wto rules are rationalized by a liberal political theory, neoliberalism. It encourages to transfer the control of economic factors to the private sector from the public sector. In the given article, there are four principles of neoliberalism described. In free trade, different countries" governments do not interfere in imports from and exports to other countries. It is one of the factors that leads to production and also seeks actively to control the flow (jaggar, 527). Other articles assigned this week give the connection between globalization and women.