Question

diffrentiate btwn political and. economicliberalism​

Answer 1

Answer:

ECONOMIC LIBERALISM : THIS IS BASICALLY COMMITTED TO THE PRINCIPLES OF FREE TRADE, A WORLD WITHOUT TRADE BARRIERS, WHERE MONEY AND CAPITAL FLOWS FREELY AMONG NATIONS.IT IS CHARACTERIZED BY REDUCING TARIFF BARRIERS AND IN OPENING MARKETS TO THE GLOBAL ECONOMIC NETWORK.ECONOMIC LIBERALISM IS INTRINSICALLY REALATED TO CAPITALISM.

POLITICAL LIBERALISM : POLITICAL LIBERALISM CAN MEAN SOMEWHAT DIFFERENT THINGS DEPENDING ON WHETHER YOU MEAN AT THE NATIONAL OR INTERNATIONAL LEVEL.SINCE YOU MENTIONED IT'S IN THE CONTEXT OF IR,I'LL STICK TO THE EXPLANATION AS AS LIBERALISM AS ONE OF THE MAJOR THEORIES OF IR.AT THE NATIONAL LEVEL,LIBERALISM OPPOSES CONSERVATISM,BUT AT THE INTERNATIONAL LEVE,LIBERALISM OPPOSES THE THEORY OF REALISM.

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