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| Topic: |
Social Issues
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| Number of pages / Number of words: |
10 / 2702 |
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The process was reinforced with the rise of industrialization , which immensely augmented not only the wealth but also the power of the European states. After having achieved its own industrialization under mercantilist auspices, Britain as the pioneer industrial power turned to liberalism in the nineteenth century, for as the most advanced economy it now perceived greater advantage in free trade...
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Even as Britain preached the virtues of liberalism to LDCs, it insisted, through political and military coercion, that they open their doors to economic penetration by it. Economic globalization , thus, did not simply develop out of the operation of the autonomous economic forces , but military power- in which Europe had a comparative advantage...
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