Topic summary

Market liberalization

Market liberalization

Extracted from the Wikipedia article Economic liberalization.

Potential risks

  • Risks of financial sector instability resulting from global contagion
  • Risk of brain drain
  • Risk of environmental degradation
  • Risk of a debt spiral due to decreased tax revenue among other economic problems (oftentimes linked to IMF restructuring though the state government in Kansas is currently encountering this issue).
  • Risk of increased inequality across race, ethnicity, or gender lines. For example, according to the anthropologist Lilu Abu-Lughod we see increased gender inequality in new markets as women lose labor opportunities that existed prior to market liberalization.