After the introduction of neoliberal policies in the 1970s,what happened to Third World countries and their levels of social inequality?
A) Inequality substantially decreased.
B) Inequality stayed the same.
C) Inequality increased only slightly.
D) Inequality substantially increased.

Question

Quizplus · Accepted Answer

The introduction of neoliberal policies in the 1970s led to a significant increase in social inequality in Third World countries. These policies promoted free-market principles, privatization, and reduced government intervention, which often benefited the wealthy and multinational corporations at the expense of the poor and working class. As a result, income and wealth inequality grew in many developing countries, widening the gap between the rich and the poor.

After the Introduction of Neoliberal Policies in the 1970s,what Happened