In: Economics
What political ideology explains open and liberal economic negotiations in global cities particularly in the global south?
*the political ideology has always been to maintai peace and economic stability in global south in global south countries,which are also known as third world countries.world trade organizations has always been of political ideology to impose liberal negotiations on global cities and in paricular on global south cities which include latin america,africa,asia countries.
Political ideology of liberatarianism explains open and liberal negotiations in global cities particularly in the global south.there is huge aount of investment in global cities because of their industrial nature.in the world of globalization,it is very important for countries to have liberal negotiation policies for their economic development.therefore WTO does not impose strict regulations on tariff rules and instead keeps the negotiations between countries at the liberal level.particularly global south countries require these liberal negotiations because of their developing nature.global south countries such as india,brazil,china have huge fuel requirements due to which their imports of fuel is higher.therefore it is important that tariff and other trade rules be liberal for them.global cities of these countries are greatly contributing towards global growth and therefore it is important that there is open and liberal negotiations in such countries without any external pressure.