Theorıes Of Internatıonal Relatıons I Deneme Sınavı Sorusu #846521
Which of the following about Economic Liberalism is not true?
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The liberal approach can perhaps be best summarized by the writings of Adam Smith. |
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All economic decisions are made by the market place and by the market place. |
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Winners and losers in the economy are not decided by the government, but by the market. |
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All the decisions made by consumers is the marketplace, the “invisible hand”. |
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Closing off an economy to external influences can be beneficial to growth and economic progress. |
The nationalists also believe that closing off an economy to external influences can be beneficial to growth and economic progress. Thus, economic nationalism can be defined as a mixture of trade protectionism and economic planning, with an aim to preserve national interests in the context of world markets.
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