Variety in global economic policies sparks institutional diversification and innovation.
Globalization affects countries differently based on their chosen rules and institutions. Nations have the freedom to set their own policies on international trade and labor, rather than being forced to follow a one-size-fits-all model like the US. The political Left and Right often assume that countries must adopt certain economic practices, but in reality, there is room for diversity in approaches. By recognizing this diversity, countries can tailor globalization to their own needs and well-being, rather than simply following a predetermined path.