The brief argument for globalization goes something like this. Countries that trade a lot grow quickly and poverty rates decline in rapidly growing countries. Therefore, globalization promotes rapid growth and alleviates poverty and is far superior to economic isolation. Radicals believe that the globalization debate is not about economic isolation versus integration into the world economy; rather, the real debate is about what policies allow a developing economy to successfully engage with the world economy. The advocates' case tells us about a country's degree of engagement with the world economy but not the manner of that engagement. From the radical perspective, knowing that international trade and faster economic growth rates are positively correlated hardly constitutes an endorsement of the neoliberal policy of lower barriers for trade and the movement of international capital.

a. Should a developing economy engage with the global economy through free trade and financial liberalization policies?

b. Would the strategies promoted by the opponents of globalization- more national control and limits on the movement of foreign and domestic capital-be better policies for engaging with the world economy? (Radical)