Globalization In The Public Sector

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Globalization In The Public Sector

Globalization In The Public Sector

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Free trade in a liberalized market is basically about achieving easier trade since it allows the market to balance the needs, demand and supply. On this note, globalization integrated with free trade has been an economic debate during and after recovery from World War I and II. On the global scale, the idea of globalized market has been facilitating international trade activities. However, based on its various policies and principles, the free trade has negatively been perceived due to its various economic, environmental, social and political impacts that portray very different implications of free trade. Consequently, various protests, like Seattle in 1999, have been witnessed against the way its principle and policies are formulated and implemented. As much as globalization and liberation of international trade may be seen as presenting various benefits to the world economy, this idea is greatly opposed based on the way it has contributed towards inflicting poverty upon people, poor principles and inequality.