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Political Worldview
A coherent set of ideas and values about how society should work, including beliefs about power, equality, rights, responsibilities, and the proper role of government and markets.
Globalization
Globalization is the process by which the world becomes increasingly connected through the movement of goods, people, ideas, technology, and cultures across national borders. It creates a world where events in one place can quickly affect people in another.
Example
Cultural diffusion
Cultural diffusion is the process through which cultural traits, such as beliefs, norms, practices, ideas, technologies, and items are spread from one place, society or group to another.
There are two main ways people interpret globalization, diverging on what they think it changes and who they believe benefits most.
Hyper-Globalists
Thinkers who believe globalization is a powerful and largely beneficial force, making national borders less relevant and increasing global integration.
Skeptical Internationalists
People who believe globalization has been overstated and that global integration is not entirely new, pointing to historical periods when the world was similarly (or more) connected.
Comparative Advantage
A country having lower opportunity costs in the production of a good compared to another country.
Protectionism
Government actions that restrict imports to protect domestic producers, for example through tariffs or quotas.
Import Substitution
A policy approach that uses protectionism to reduce imports of manufactured goods while developing domestic industries to produce those goods locally.
Normative Ethics
A branch of philosophy that examines values and principles about what people ought to do, including ideas of right and wrong and what a good society should be.