Free trade is a buzzing concept in modern times, with most governments across the world proclaiming to promote it. Indeed, the last thirty years or so of global economic integration is based on free trade principles – also referred to as laissez-faire capitalism. Definitely, there are many advantages to be availed as a result of…
Tag: NAFTA
Do we need American hegemony to build and maintain the global capitalist economic order?
In the era past World War II, America established itself as one of two superpower nations. With the Soviet Union providing counterbalancing power, America waged a diplomatic war (Cold War) to assert and spread its ideological content. This ideological confrontation manifested in two forms: 1. between communism and liberal democracy, 2. between socialism and capitalism. …
How can foreign governments be convinced to combat narcotics in the source nations?
For any nation faced with the problem of illegal drug trafficking, the biggest challenge is in reigning in the sources of origin of these drugs. But it is usually the case that the regions of origin have a weak political system and an impotent law enforcement agency. In the case of drug trafficking in the…