Asked by Julie Urban on Jun 05, 2024
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Neoliberalism is a successful development strategy if utilized in the early stages of industrializing a country.
Neoliberalism
An economic and political ideology advocating for reduced government intervention in the economy, free-market principles, deregulation, and globalization to foster economic growth and efficiency.
Development Strategy
A plan of action designed to achieve specific long-term goals or outcomes, usually related to economic growth or societal improvement.
Industrializing
The process of transforming an economy to be based largely on manufacturing industries rather than agriculture.
- Comprehend the diverse circumstances and guidelines affecting economic growth.
- Examine the different theories related to economic development, including but not limited to modernization theory, dependency theory, and the world-systems viewpoint.
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Learning Objectives
- Comprehend the diverse circumstances and guidelines affecting economic growth.
- Examine the different theories related to economic development, including but not limited to modernization theory, dependency theory, and the world-systems viewpoint.
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