Wade, Robert H.
July 2006
Prospect;Jul2006, Issue 124, p48
The article reports on the impact of liberal globalization and public policy on economy. Liberal argument in most developed countries is that public policy should try to raise social justice by balancing opportunities but should not try to reduce income inequality. Equity and efficiency turn out to be complements, the key to free markets and competition. Moreover, public policy should eliminate extreme poverty and income inequality a should not be paid as a price for flexible economy.


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