Liberalization of Trade: -- the Alliance between Government and Business. (Press Release)

Economic Review, July 2002 | Go to article overview

Liberalization of Trade: -- the Alliance between Government and Business. (Press Release)


Throughout history trade has played a major role in spreading new faiths and cultures, and today free trade is playing a decisive role in changing the nature of political structures in developing countries. Liberalizing trade does not only cause economic growth, but it also helps foster institutional changes that contribute to the development of democracy. Increasingly, nations are realizing that in order to take full advantage of the benefits of a global economy, the most important factors are free trade and the supremacy of democracy.

Some in developing countries incorrectly assume that the benefits of free trade are merely economic, but it is not possible to keep economic reforms from extending to the political level. It is no surprise that those nations that have for long years had repressive political structure have also suffered from poor social and economic relations. Though some regimes were able to achieve seemingly concrete economic growth, it was superficial and could not be sustained in the absence of the necessary social mobility and political institutions that constitute a true democracy.

In the second half of the 20th century most of the developing economies of the third world had fallen under a number of destructive problems in the form of drastic economic, political and social problems. Many adopted closed socialist policies because these were closer to the mindsets of ruling military men and autocrats and resulted in the disappearance of active state institutions.

When these countries considered a transition to a liberal economic approach, they were faced with a weak private sector that played a marginal role in economic development and had grown dependant on a centralized economy. Rebuilding the private sector thus became imperative in order to solidify market-based reform efforts, even if it had to be artificially created.

Some of the ruling systems of third world countries achieved what they wanted by creating a private sector from government institutions and non-voluntary, and non-independent business associations. These government-run "private" institutions also served to limit international criticism against authoritarian regimes.

However, some private businesses saw an advantage to this arrangement and cooperated with non-democratic regimes in order to seize opportunities facilitated by a vague and corrupt economic structure. This coalition between autocrats and their private sector cronies will be broken only as a result of fundamental economic and cultural changes that affect how the ordinary citizen thinks about the proper relationship between money and power. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Liberalization of Trade: -- the Alliance between Government and Business. (Press Release)
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.