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Describe the liberal world order. Has it been effective? The liberal world order is as much an economic idea, as it is a political one. The liberal world order is very much based on the rule of law. Such things are apparent in a liberal world order such as individual liberties, private property and free trade. According to Ludwig von Mises, a liberal world order was inseparable from liberal economic policies: "A nation's policy forms an integral whole. Foreign policy and domestic policy are closely linked together, they condition each other. Economic nationalism is the corollary of the present-day domestic policies of government interference with business and of national planning, as free trade was the complement of domestic economic freedom."1 Thus, according to Mises, a liberal world order could only arise when governments operated a laissez-faire approach to the running of the economy. During the liberal world order at the beginning of...

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