Strengths and Weaknesses of the Neo-Liberal Approach to Development

Strengths and Weaknesses of the Neo-Liberal Approach to Development
Author: Abdelfatah Ibrahim
Publisher: GRIN Verlag
Total Pages: 29
Release: 2012-02
Genre: Business & Economics
ISBN: 3656105839

Essay from the year 2011 in the subject Business economics - Economic Policy, University of Birmingham, course: MSc. International Development, language: English, abstract: The history of development over the last century has been one of competing theories and developmental models. From time to time certain models dominated the theoretical and practical agenda. These models of development had - and still have - their own advantages and disadvantages, advocates and opponents, strengths and weaknesses. Neo-liberalism is one of the models that was studied most deeply in terms of its positive and negative impacts on development generally and on the state role specifically. Since the 1970s neoliberal approach was widely applied in different countries around the world, including developing and developed countries with the assistance of the International Financial Institutions (IFI) that evidently advocate for neoliberalism in developing countries. Therefore, strong debates on the efficiency and validity of this approach were developed (Greig et al., 2007). This paper will discuss neoliberalism as one of the development models. It attempts to highlight the strengths and weaknesses of the neoliberal approach to development. It will start by reviewing the emergence and evolution of neoliberalism. Then, some of the strengths and weaknesses of neoliberalism will be presented. Chilean and Egyptian case studies will be briefly highlighted in order to illustrate the strengths and weaknesses of neoliberalism. Finally, the conclusion will be presented.

The Political Theory of Neoliberalism

The Political Theory of Neoliberalism
Author: Thomas Biebricher
Publisher: Stanford University Press
Total Pages: 331
Release: 2019-02-19
Genre: Philosophy
ISBN: 1503607836

Neoliberalism has become a dirty word. In political discourse, it stigmatizes a political opponent as a market fundamentalist; in academia, the concept is also mainly wielded by its critics, while those who might be seen as actual neoliberals deny its very existence. Yet the term remains necessary for understanding the varieties of capitalism across space and time. Arguing that neoliberalism is widely misunderstood when reduced to a doctrine of markets and economics alone, this book shows that it has a political dimension that we can reconstruct and critique. Recognizing the heterogeneities within and between both neoliberal theory and practice, The Political Theory of Neoliberalism looks to distinguish between the two as well as to theorize their relationship. By examining the views of state, democracy, science, and politics in the work of six major figures—Eucken, Röpke, Rüstow, Hayek, Friedman, and Buchanan—it offers the first comprehensive account of the varieties of neoliberal political thought. Ordoliberal perspectives, in particular, emerge in a new light. Turning from abstract to concrete, the book also interprets recent neoliberal reforms of the European Union to offer a diagnosis of contemporary capitalism more generally. The latest economic crises hardly brought the neoliberal era to an end. Instead, as Thomas Biebricher shows, we are witnessing an authoritarian liberalism whose reign has only just begun.

Neoliberalism

Neoliberalism
Author: Alfredo Saad-Filho
Publisher: Pluto Press (UK)
Total Pages: 296
Release: 2005-02-03
Genre: Business & Economics
ISBN:

Leading writer Boris Kagarlitsky offers an ambitious account of 1000 years of Russian history.

The Neoliberal Age?

The Neoliberal Age?
Author: Aled Davies
Publisher: UCL Press
Total Pages: 396
Release: 2021-12-07
Genre: History
ISBN: 178735685X

The late twentieth and early twenty-first centuries are commonly characterised as an age of ‘neoliberalism’ in which individualism, competition, free markets and privatisation came to dominate Britain’s politics, economy and society. This historical framing has proven highly controversial, within both academia and contemporary political and public debate. Standard accounts of neoliberalism generally focus on the influence of political ideas in reshaping British politics; according to this narrative, neoliberalism was a right-wing ideology, peddled by political economists, think-tanks and politicians from the 1930s onwards, which finally triumphed in the 1970s and 1980s. The Neoliberal Age? suggests this narrative is too simplistic. Where the standard story sees neoliberalism as right-wing, this book points to some left-wing origins, too; where the standard story emphasises the agency of think-tanks and politicians, this book shows that other actors from the business world were also highly significant. Where the standard story can suggest that neoliberalism transformed subjectivities and social lives, this book illuminates other forces which helped make Britain more individualistic in the late twentieth century. The analysis thus takes neoliberalism seriously but also shows that it cannot be the only explanatory framework for understanding contemporary Britain. The book showcases cutting-edge research, making it useful to researchers and students, as well as to those interested in understanding the forces that have shaped our recent past.

Politics of Development

Politics of Development
Author: Heloise Weber
Publisher: Routledge
Total Pages: 373
Release: 2014-08-13
Genre: Business & Economics
ISBN: 1136644423

An overview of the politics of development with chapters analysing gender, race, social movements, religion, security and other relevant issues in terms of development. A glossary informs on pertinent issues and terminology.

Neo-Liberalism, State Power and Global Governance

Neo-Liberalism, State Power and Global Governance
Author: Simon Lee
Publisher: Springer Science & Business Media
Total Pages: 268
Release: 2007-09-09
Genre: Political Science
ISBN: 1402062206

This book explores the relationship between neo-liberalism, state power and global governance, exploring national differences in the exercise of state power in a variety of industrialized and developing economies. Among the strengths of this volume are its detailed global scope, its range of case studies in diverse policy areas, its analysis and critique of neo-liberalism, in theory and practice, and its impact upon state power and global governance.

Authoritarian Neoliberalism

Authoritarian Neoliberalism
Author: Ian Bruff
Publisher: Routledge
Total Pages: 232
Release: 2020-06-09
Genre: Business & Economics
ISBN: 100071246X

Authoritarian Neoliberalism explores how neoliberal forms of managing capitalism are challenging democratic governance at local, national and international levels. Identifying a spectrum of policies and practices that seek to reproduce neoliberalism and shield it from popular and democratic contestation, contributors provide original case studies that investigate the legal-administrative, social, coercive and corporate dimensions of authoritarian neoliberalism across the global North and South. They detail the crisis-ridden intertwinement of authoritarian statecraft and neoliberal reforms, and trace the transformation of key societal sites in capitalism (e.g. states, households, workplaces, urban spaces) through uneven yet cumulative processes of neoliberalization. Informed by innovative conceptual and methodological approaches, Authoritarian Neoliberalism uncovers how inequalities of power are produced and reproduced in capitalist societies, and highlights how alternatives to neoliberalism can be formulated and pursued. The book was originally published as a special issue of Globalizations.

Theories of Income Distribution

Theories of Income Distribution
Author: Athanasios Asimakopulos
Publisher: Springer Science & Business Media
Total Pages: 258
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400926618

This book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution. The first eight chapters provide a review of the major theories of income distribution, while the final two are con cerned with problems of empirical estimates and inferences. One of these chapters presents estimates of factor shares in national income in the United States, the United Kingdom and Canada, while the other ex amines how relationships between the size distribution of income and economic development are being investigated. A convenient way of conveying an understanding of how economic theorists have dealt with the distribution of income is to examine separ ately each major approach to this subject. Each contributor was thus assigned a particular approach, or a major theorist. No attempt was made to avoid the apparent duplication that occurs when the same references are examined by different contributors. The reader gains by seeing how the same material can be treated by those looking at it from different perspectives. A chapter each has been devoted to Marx and Marshall.

Rethinking Development Economics

Rethinking Development Economics
Author: Ha-Joon Chang
Publisher: Anthem Press
Total Pages: 556
Release: 2003
Genre: Business & Economics
ISBN: 1843311100

This title represents the most forward thinking and comprehensive review of development economics currently available.

Nine Lives of Neoliberalism

Nine Lives of Neoliberalism
Author: Dieter Plehwe
Publisher: Verso Books
Total Pages: 369
Release: 2020-05-12
Genre: Political Science
ISBN: 1788732537

Untangling the long history of neoliberalism Neoliberalism is dead. Again. Yet the philosophy of the free market and the strong state has an uncanny capacity to survive, and even thrive, in times of crisis. Understanding neoliberalism’s longevity and its latest permutation requires a more detailed understanding of its origins and development. This volume breaks with the caricature of neoliberalism as a simple, unvariegated belief in market fundamentalism and homo economicus. It shows how neoliberal thinkers perceived institutions from the family to the university, disagreed over issues from intellectual property rights and human behavior to social complexity and monetary order, and sought to win consent for their project through the creation of new honors, disciples, and networks. Far from a monolith, neoliberal thought is fractured and, occasionally, even at war with itself. We can begin to make sense of neoliberalism’s nine lives only by understanding its own tangled and complex history.