Neo-Liberal Theory 0.0 / 5 ? SociologyGlobal DevelopmentA2/A-levelAQA Created by: chend96Created on: 22-04-14 11:55 Outline the definition for the neo-liberal economic approach It's based on minimal state intervention, trade liberalisation, emphasis on free markey capitalism without restrictions and free trade. 1 of 17 What does this theory insist on? (overcoming) Developing countries overcoming the barriers to free market capitalism 2 of 17 What will this allow? Capitalism to generate development 3 of 17 What do neo-liberals focus on? (theories and inistitu) Economic theories and institutions which hold back development, because the limit the free market. 4 of 17 What do neo-liberals state about aid? That developing countries can develop duccessfully without aid intervention from developed countries 5 of 17 If allowed to work freely, what will capitalism generate? Wealth 6 of 17 Who will have created this wealth? A minority of people, such as entreprenuers 7 of 17 What will this allow for? The trickle down of wealth to others in that country 8 of 17 Neo-liberals state that wealth begins to accumulate when? Developing countries pursue their own self interests and are free from government restraint. 9 of 17 Give and example of this? Chile in the 1970's 10 of 17 What are SAP'S? Neo-liberal economic policy which gives money to the country only if they agree to follow neo-liberal policies and reofrm their economy/country 11 of 17 What is the IMF? An IGO, which gives loans to countries 12 of 17 What does this therefore lead to? A spread of neo-liberal economic policies 13 of 17 What is the World Bank? An IGO which gives loans and aid to countries in order to fight poverty 14 of 17 What are IGO'S? Organisations established by states 15 of 17 Give three examples of IGO'S World Bankk, IMF and WTO 16 of 17 What is the washington consensus? A set of neo-liberal policies which are believed to reform economies and promote development 17 of 17
Aid and trade, industrialisation, urbanisation, the environment and war and conflict 5.0 / 5 based on 1 rating
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