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NEO LIBERARLISM

NEO LIBERARLISM - NEOLIBERARLISM 17:33 o Assumption:...

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NEO LIBERARLISM 17:33 Market Economics approach Economic growth is central Markets rule because they are believed to be naturally efficient Primacy of the market is established over government: o Assumption : markets are naturally and universally efficient mechanisms,  driven by internal laws and the rational choices of individuals who seek to  maximize their gains. Market distortions result form the state intervention Public poicy is that which gives expression o the free operation of markets or  that entranched a state that have sufficient regulation to allow the efficient  something of markets. Neo-liberalism: a term that defines a coincidence of neo-classical economic  ideas and conceptualizes them as correct, beneficial, and generlizable for the  compemporary world Product of the past 3 decades and is embedded in the global politics and  economics
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