Globalization and Free Trade

Renmin University, Beijing, China | 13-07-2017

Dr. Mardini endorsed Simpson’s argument against the idea that
government intervention is needed to correct externalities. Dr. Mardini argued that limited government intervention, will inevitably open the door for additional interference and distortion. He illustrated the example of Lebanon that progressively moved from a free market economy in the 50s, to socialist policies in the 60s, and ended up in a civil war.