Introduction to Politics and Policy Standards

Running head: INTRODUCTION TO POLITICS AND POLICY STUDIES
INTRODUCTION TO POLITICS AND POLICY STUDIES
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INTRODUCTION TO POLITICS AND POLICY STANDARDS1
Liberalism
Liberalism is political as well as moral philosophy that is totally based on the governed as
well as the equity of law. It is highlighted as the wide array of views that is totally depends on
the understanding of those principles. They usually support the free market, free trade, limited
government, individual rights and many others. It became thee distinct movement at the time of
Age of Enrichment1. It became very popular among the Western Philosophers. It replaced the
norms of state religion, traditional conservatism, rule of law and many others2. They also
engaged themselves into the royal monopolies, barriers of trade, free trade and free markets. It is
credited as the searching of liberalism and it is totally based on the social contact. It is said that
each man has a nature of light. When British Liberal tradition wants to increase their democracy
then French liberalism increases the rate of rejection of the authoritarianism and it helps to link
the natural building.
Economic liberalization refers to the reduction of several government regulations from
various corporate industries and trade. It is usually prevented by several advocates of free
markets as well as trades. It helps to reduce the taxes and it helps to increase the social security.
It is totally associated with the privatization of the companies. It is the procedure of shifting the
ownership of business.
Liberalism is dominant for twenty first century
1 Bytheway, Simon James. "Economic Liberalisation and Its Socio-Economic Consequences in
India, 1966-1996: With Reference to the Japanese Experience of Liberalisation." Journal of
International Studies 7 (2020): 1-15.
2 Deb, Rajesh, Pralaya Kanungo, Vijaysekhar Reddy, and Anurag Joshi. "Block-3 Institutional
Framework." (2020).

INTRODUCTION TO POLITICS AND POLICY STANDARDS2
In current economic crisis, all the certitudes are breaking down. In this century, liberalism
is spread all over the world and there is a common consensus among the political as well as
economic authorities. In this case, free market economy can be a good system. The current crisis
does not highlight the meaning of the termination of liberalism. Liberalization is entirely
engaged in the modern Western Societies. It removes the other theories of the society and
politics3. In current scenario of politics, nobody contests with the liberal principles. The United
States of America is affected mostly by the liberalism over twentieth century4. There are several
other ideologies and their supporters are forced to adopt the liberalism.
It helps make this century as globalized. It is totally reactive and feeding of the attempts
by conservatism in Western democracies. In current scenario, individual economies are rapidly
changing. It is treated as the ideology of the human being. It is true that it is not culturally
specified to the Western part. It is very difficult from the Western culture. It can tell that it is
liberal from the freedom of speech and religious toleration. Liberalization is in the main part of
the Western part of the world. It is quite difficult for other parties to challenge them. There are
some radical elements which help to improve the popularity of this ideology. It helps to create
wealthy aristocratic families.
Rivalry of liberalism
3 Gronewold, Nicolaas. "Financial Liberalization or Financial Development? Tests Using Delphi-
Based Index Ofliberalization." International Journal of Banking and Finance 6, no. 1 (2020):
95-115.
4 HAHN, Chin Hee, and Ju Hyun PYUN. "Does Home (Output) Import Tariff Reduction
Increase Home Exports? Evidence from Korean Manufacturing Plant–Product Data." (2020).