Emphasizes actions of free markets, unfettered action of buying and selling as best means of providing development.
NEOLIBERALS do not trust state to act in interest of people, and competition within markets, carried out by pri indi and companies will bring the
NEOLIBERALS
Action of free markets. competition within markets by priv indi and companies will bring most efficient and effective production and distribution of goods & services.
economy grows from this efficiancy and the wealth generated will benefit everyoneand help poorest.
unfetterd markets
capitalism
Structuralism
Agues the need for states governments and international agencies to control markets
Annotations:
insure competition is fair and distribute the benefits of wealth.
Intentional development actions: restrictions on imports, control over financial flows, subsidies to particular industries necessary to beat obstacles to development
when many southern countries became sovereign states, after peroids of colonialism, development plans were state led.
state-led
Interventionism
state-led and market-led
combinationn of the two are important strategies and often necessary.
reffered to as interventionism.
People-centered development
critical of all economic approaches
redistribution of wealth, improving education and skills,health, improving conditions for people to become
self reliant, ensuring governlment is well managed and accountable.
participation and empowerment
micro level aims not macro
idea developed in 1970s
Annotations:
in response to what was seen as top-down nature of development strategies.(structuralist)