Neoliberalism Questions
The neoliberal approach to economic development is characterized by a belief in free markets, limited government intervention, and the promotion of individual freedoms and private property rights. Neoliberalism emphasizes the importance of reducing barriers to trade and investment, deregulating industries, and implementing market-oriented policies such as privatization and fiscal austerity. Proponents argue that this approach leads to economic growth, efficiency, and increased prosperity. However, critics argue that neoliberal policies can exacerbate inequality, weaken social safety nets, and prioritize profit over social and environmental concerns.