What is the neoliberal approach to poverty alleviation?

Neoliberalism Questions



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What is the neoliberal approach to poverty alleviation?

The neoliberal approach to poverty alleviation emphasizes the role of free markets and individual responsibility. Neoliberals argue that economic growth and development are the most effective ways to reduce poverty. They advocate for policies such as deregulation, privatization, and trade liberalization, which they believe will create a favorable business environment and stimulate economic growth. Neoliberals also emphasize the importance of education and skills training to enhance individuals' employability and income potential. They generally oppose extensive government intervention and social welfare programs, instead favoring market-based solutions to address poverty.