CSS/UPSC & Other competitive examinations preparation

“Globalization: The Death of National Austerity  Measures” . Outline Introduction Definition of globalization and national austerity Historical context of austerity policies Thesis statement: Globalization has significantly undermined the efficacy, relevance, and political feasibility of national austerity measures through economic integration, financial liberalization, multinational influence, and public resistance driven by global norms. I. Understanding Globalization and Austerity A. What is Globalization? Economic, cultural, technological, and political integration across nations Key drivers: trade liberalization, digital connectivity, capital mobility B. Defining Austerity Measures Government policies aimed at reducing public debt via spending cuts, tax hikes Common during financial crises (e.g., post-2008, Eurozone debt crisis) Philosophical roots in fiscal conservatism and monetarism C. Historical Implementation of Austerity Post-WWI ...