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 and New Worlds 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.

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 1

Answer:

Although being a proponent of market 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:

The response to globalization at the World Trade Organization conference in Seattle in 1999 was 1999 Seattle WTO protests or the Battle of Seattle, a series of protests surrounding the WTO Ministerial Conference of 1999 in Seattle, the United States. The large scale of the demonstrations, estimated at no fewer than 40,000 protesters, dwarfed any previous demonstration in the United States against a world meeting of any of the organizations generally associated with economic globalization.

Answer 2

Although being a proponent of market 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 American public

• Market fundamentalism, is also called the free-market fundamentalism. This is use to connote a strong belief in the tendency of unregulated laissez-faire or free-market capitalist policies to handle most economic and social problems.

Keeping an artificially low interest rates often permanently damage an economies in the medium and long-term as it leads to delays creative destruction.

Securities regulation in the United States is simply known as the field of U.S. law that handles transactions and other business with securities.

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