POST 201 Chapter Notes - Chapter 8: Free Trade, High Tech, North American Free Trade Agreement

• School: Rider University
• Department: Policy Studies
• Course: POST 201
• Professor: Matusow Allan

Document Summary

Capitalist revolution fueled the next wave of globalization. The 1990s saw the creation of a new kind of global economy. A single market in which everybody has a stake but no one has control. Globalization has brought unprecedented prosperities but it has also brought crisis and risks we are only beginning to understand. Debate of wealth and poverty and the new rules of the game in this new era of globalization. A new era began at the beginning of the 1990s with the end of the cold war and the gulf. The world being tied together in the trade of money, ideas, culture, etc. It happened very fast / the change came more quickly than the ability to catch up our thinking and understand the change. What are the new rules of the game of the global economy. Globalization has brought unprecedented prosperity, but it has also brought risks.