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Compare and Contrast Liberalism and Mercantilism

question 40

Essay

Compare and contrast liberalism and mercantilism. What are the strengths and weaknesses of each theoretical approach? Which do you believe states should follow? Why?


Definitions:

Anthony Giddens

A British sociologist who developed the theory of structuration and wrote extensively on contemporary society, modernity, and globalization.

Samuel Huntington

An American political scientist known for his "Clash of Civilizations" theory, which posits cultural and religious identities as the primary sources of global conflict.

Cultural Identity

represents the identity or feeling of belonging to a group based on shared cultural traits, heritage, language, religion, and traditions.

State Function

State function refers to the roles and responsibilities carried out by a government to maintain order, provide public services, and implement policies within a country.

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