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There were 77 founding members of the organization, but the organization has since expanded to 133 member countries
Liberalism Modern political philosophy and movement emphasizing maximum personal freedoms and minimum government controls over society.
Friedrich Hayek was an Austrian economist and political philosopher, noted for his defense of liberal democracy and free-market capitalism against socialist and collectivist thought in the mid-20th century(father of Libertaism) wrote Road to serfdom
Budget deficit occurs when an entity (often a government) spends more money than it takes in.
Trade deficit- negative balance of trade; consists of importing more than one exports
John Locke- He is equally important as social contract theorist and he developed an alternative to the Hobbesian state of nature and argued a government could only be legitimate if it received the consent of the governed and protected the natural rights of life, liberty, and estate...
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