Popular 'Economics, Politics, & Society' Terms

"Decisions are not bad - even if you have what you have, reducing poverty is a big enemy that brings happiness to mankind, it certainly destroys liberty, it makes something not to work with some virtues, It is very difficult. "

Global localization occurs concurrently in the generalization and specialization of modern society, politics and economic systems. This term is a mixture of globalization and localization, promoted by sociologist Roland Robertson and proposed by Japanese economists to explain Japan's global marketing strategy. The concept of global localization is a simple concept of the globalization process, a challenge to linear expansion of geographical size. Global localization shows that continental and world level importance is increasing and regional and regional levels are becoming more prominent. Homogeneity and concentration trends occur with heterogeneity and decentralization trends. However, the concept of global localization requires a more fundamental perspective change. It shows the interrelationship between the global level and the local level.

Briefly, neoliberalism is a broad ideology that reached the worldwide popularity peak in the 1980s, becoming common in the political, economic, governmental circles in the 1970s. Neo-liberalism represents the political paradigm we are currently facing, the political situation of modern society. As its name suggests, it calls for revitalization of the view of classical liberal economic policy. To understand that "classical liberalism" means understanding of older words than contemporary America - not a contemporary thinker but Adam Smith and John Rock "Liberalism of the age of enlightenment" I quote it. Freedom of expression is important for social liberalism, which was embodied by Barack Obama and other Democratic party members. Regarding specific policies, neoliberalism means free trade, low tax, deregulation, privatization and balanced budget.