Debates About Globalization Revolve Around Both Empirical and Normative Issues;

question 9

Essay

Debates about globalization revolve around both empirical and normative issues; that is, the reality and extent of globalization as well as its consequences.How do realists, liberals, and Marxists approach these empirical and normative issues?

---

Definitions:

Singapore

An island city-state in Southeast Asia, known for its strong economy, diverse culture, and strict regulations.

Current Account

The section of a country's balance of payments that records the value of exports and imports of goods and services, net earnings on overseas investments, and net transfer payments.

Money Inflow

The total amount of money entering an economy, business, or individual's account from various sources.