What is the neoliberal approach to regulation?

Neoliberalism Questions



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What is the neoliberal approach to regulation?

The neoliberal approach to regulation is characterized by a belief in limited government intervention in the economy. Neoliberals argue that markets are the most efficient mechanism for allocating resources and promoting economic growth. They advocate for deregulation, reducing barriers to entry, and promoting competition. Neoliberalism emphasizes the importance of free trade, privatization of state-owned enterprises, and reducing government spending and deficits. The goal of neoliberal regulation is to create a business-friendly environment that encourages innovation, investment, and economic efficiency.