Question

Many identify increased globalization as a main factor that led to the economic resurgence seen in the 1990s. Although globalization has been an important part of international commerce since the Columbian Exchange between the Old World and the New World beginning in the 1500s, the globalization of the late twentieth century is unique in many ways. Fill in the blanks to complete the passage describing the response to globalization at the World Trade Organization conference in Seattle in 1999

Answer 1

Question Completion:

Although being a proponent of _________ since the 1980s, Alan Greenspan used artificially _________ interest rates and permitted _________ firms to regulate themselves, both of which were significant factors in allowing corporations to use investment laws to benefit their companies and executives while draining the American public.

Answer:

Although being a proponent of __fundamentalism_______ since the 1980s, Alan Greenspan used artificially __low_______ interest rates and permitted __securities_______ firms to regulate themselves, both of which were significant factors in allowing corporations to use investment laws to benefit their companies and executives while draining the American public.

Explanation:

In reaction to the disadvantages being created and hoisted on the majority, some 50,000 protesters reacted angrily to globalization by protesting the WTO ministerial conference.  Their grudge centered on the unequal distribution of costs and benefits of globalization.  They shined light on the plight of workers and emphasized that globalization must consider sustainable economics, workers' rights to benefit from globalization, and social and environmental considerations arising from globalization.  They disagreed with capitalist tendencies to over-emphasize the size of the GDP against human equality.