Asked by Alyssa Noriega on Apr 27, 2024

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With which of the following theories are the policies of neoliberal globalization most consistent?

A) dependency theory
B) modernization theory
C) world systems theory
D) new international division of labour theory

Neoliberal Globalization

A process driven by international trade and investment policies that emphasize free markets, privatization, and minimal government intervention in the economy.

Dependency Theory

A socio-economic theory suggesting that resources flow from a periphery of poor and underdeveloped states to a core of wealthy states, enriching the latter at the expense of the former.

  • Analyze the consequences and tactics of neoliberal globalization policies on the economies of nations.
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AK
Aayushi KasliwalMay 01, 2024
Final Answer :
B
Explanation :
Neoliberal globalization aligns most closely with modernization theory, which posits that economic development and social change in less developed countries can be achieved through the adoption of Western-style economic and political models, including free-market policies, privatization, and deregulation, which are central to neoliberal ideology.