Globalization and Government Regulation
Between the mid-twentieth and early twenty-first centuries, how did views evolve regarding government intervention in addressing challenges of globalization, such as environmental degradation and labor rights?
There was an increasing expectation that governments should integrate environmental protections and labor rights into their market regulations amid globalization.
Public sentiment largely favored minimal government intervention, viewing environmental and labor policies as unnecessary distractions from economic priorities.
A radical shift occurred where governments completely abandoned market oversight in favor of comprehensive social regulation.
Governments uniformly reduced regulations believing that addressing environmental and labor issues would hinder economic growth.
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