The Core Activities And Relationship That Make Up...

The book commences by studying the core activities and relationship that make up capitalism (Stanford, 2015). Stanford than pursues to discuss how the capitalist economy functions as an overall system. He advances on other important players in modern capitalism such as the monetary and the financial system and concludes with ways in which capitalism could be reformed to more effectively meet human needs and protect the natural environment (Stanford, 2015). Despite the informative information Stanford presented, the topic globalization emerged with insights about NAFTA or in other words North American Free Trade Agreement and its provisions aimed at opening and protecting investments flows, granting special legal protections to foreign investors, and generally limiting government intrusion into the public sector (Stanford, 2015). In alliance to the text, is Stephen Lendman who wrote an article NAFTA Deplorable Legacy. He states NAFTA damaged millions of lives (Lendman, 2014). NAFTA is one of the many forms of globalization that portrays negative outlooks in trading services as well as exporting and importing products between countries. Free- trade advocates claim that globalization is an unequivocally positive force, however, theories like Ricardo’s model and the creation of investor-state dispute settlements allow international businesses special legal powers to challenge unfavorable government policies (Stanford, 2015). If neoclassical economics, conventional economists,Show MoreRelatedA Book On Economics Was Not Something That Was Pre Planned Essay1630 Words   |  7 PagesOf all the challenges and opportunities were the information technology revolution and the emerging internet boom. The economic factors adjusting with a new kind of economy with ample use of information some called knowledge economy. It was at the core for larger business enterprises during the pre-dot-com surge. 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