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Assignment on Global Economic Constitution

   

Added on  2020-07-23

17 Pages6162 Words29 Views
Global Economic Constitution

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................2SESSION 1......................................................................................................................................2SESSION 2......................................................................................................................................6SESSION 3......................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................111

INTRODUCTIONGlobal economic constitution stands for different set of rules and policies which aredifferent for each country. As every nation is bound to comply with such rules which areimposed on them in order to maintain economic condition of the country. International economiclaw is the concept which involves regulation as well as conduct of states. Internationalcompanies and private organizations are operating in economic arena. Such economic law isassociated with trade which is considered as international 1. It is able to develop services, tax andmonetary law. Legal institution name called World Trade Organization play significant role indevelopment of economy. Constitution considered as legal body which define various types ofrules, regulation and policies. It bound entire country to comply with accordingly and maintainperformance of people as well. SESSION 1Neo-liberalism-Neo-liberalism is considered as a body which is related to politicaleconomic, through which advocates are able to organize society in the case of free marketeconomy. This doctrine is related to liberalism but different from certain other situation. Neo-liberalism has been launched in the year 1970. Furthermore, it is able to extend market model upto the political as well as social spheres (Neoliberalism, higher education and the knowledgeeconomy: from the free market to knowledge capitalism. 2017). This concept is able to promotefree market in land, labour and capital. Furthermore, this process is able to improve livingstandard of people. Demand management as well as progressive taxation has been regulate withthe help of free market capitalism. Countries have to opted new technologies in order to reduceproduction costs or expand market share globally. This concept is able to improve life andstandard of living of people this process of helpful for growth and development of entire country2. Several countries are responsible to comply with neo-liberal policies which is able to improvethose countries. Members have to use such policies in order to performance of entire country ineffective manner. Furthermore, Neo-liberalism is the policy which is able to control economicfactors from public to private sector. It refers to enhance free economy through eliminating1Allen, R.C., 2011.Global economic history: a very short introduction(Vol. 282). OxfordUniversity Press.2Wang, Y. and Lim, H., 2012. The global childhood obesity epidemic and the associationbetween socio-economic status and childhood obesity.1

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