14. Why does Kotz define this era as neoliberal as opposed to financialization or globalization while incorporating both into his analysis of neoliberalism?
14.
Financiaization or globalization spread when there are free markets in different countries across the world. So, Free market economy or neoliberalism is the right term to term the era by Kotz, becuase it also considers opening up of the economies, government, flexible exchange rate systems, free and fair competition in the market and formation of trade zones. Since these terms are not explained when only globalization or financialization. So, it is wise to use the term neoliberalism.
14. Why does Kotz define this era as neoliberal as opposed to financialization or globalization while...
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