Neoliberalism is a successful development strategy if utilized in the early stages of industrializing a country.

Question

Quizplus · Accepted Answer

Neoliberalism, which emphasizes deregulation, privatization, and free-market capitalism, has had mixed outcomes in early-stage industrializing countries. While it can stimulate economic growth, it often leads to increased inequality and can neglect the development of essential public services and infrastructure.

Neoliberalism Is a Successful Development Strategy If Utilized in the Early