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Essay / Research Paper Abstract
This 7 page paper analyzes the neo-liberal state and the role it can place in developing countries achieving economic development in conditions of globalization. The role, performance and potential of neo-liberal policies are discussed along with the way that they are favored, and the potential impact that are having and could have on developing nations is assessed. The bibliography cites 7 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEneolibec.rtf
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Unformatted sample text from the term paper:
increase the pace of social reform, at the same time it has been blamed for many negative consequences such as the Asian Currency Crisis and the unequal distribution of wealth
with rich countries accused of misusing their economic power and exploiting the developing nations for their own benefit as well as the arguments for the destruction of local culture (Friedman,
2000). Whatever approach is adopted towards it appears easily apparent that as globalization has occurred there has also been a spread of the neo-liberal state. This has traditionally been seen
the most effective model of economic development, but with recent events, such as the credit crunch, and other economic failures, which may be argued as bring neo-liberalist polices, the ideal
of the neo-liberalist state needs to be questioned, especially if this is a model that is promoted by international bodies such as the World Bank ands the IMF when helping
developing countries. In the context of globalization and the increasing level of interdependence of nation state economies the future of neo-liberal states and the role that neo-liberal polices will play
in developing states needs to be considered. The concept of the neo-liberal state is relatively easy to define; the policy should favor private ownership of private property rights, the
rule of law and free trade policies (Harvey, 2005). These policies should be perceived in the context of the institution arrangements which are present within a state economy. The
idea is that the framework should be one of renegotiate contracts undertaken between judicial individuals, with the rights of the individual and the choices they make in which contracts entered
into being the area of regulation; with state policies being does to protect the free market (Held, 1987). In a neo-depressed state government power is utilized as a means to
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