SOLUTION: Week 5 Current Global Economic System Is Relatively Unipolar Discussion

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SOLUTION: Week 5 Current Global Economic System Is Relatively Unipolar Discussion 1

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Chapter 10: Ethics in Globalization
Technically, the international economic theory shows that free trade and capital flows
lead to a streamlined distribution of global resources, enhancing immense consumption and
production levels. Nonetheless, Kapstein points out that the theory fails to justify how global
wealth is shared across and between nations. In this context, it’s not appropriate to evaluate
economic opening solely by how it enhances the aggregate distribution of wealth but to consider
the detrimental consequences for global populations. Historically, freeing trade delivered onesided impacts in society. For instance, the economic surge in the 90s was incredibly help…

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