Neo Liberalism
Neoliberalism is the ability to globally trade, prosper and develop fairly and equitably among other
countries. Neoliberalism policies allow for countries to import/export goods and services, trade and
settle debts among countries. Neoliberalism policies stress privatization, export production, direct
foreign investment, and few restrictions on imports (Rowntree, Lewis, Price, Wyckoff, 2008). There
are several Latin American countries who are accepting the neoliberalism ideology; however, there are
some countries like Peru and Bolivia who are not embracing the neoliberalism philosophy. Recent
protests in Peru and Bolivia reflect the popular anger against trade policies that seem to benefit only
the elite (Rowntree, Lewis, Price, ... Show more content on Helpwriting.net ...
For neoliberals, liberty is best preserved by a minimal state and economic utility best secured through
free markets ( Neoliberalism Deregulation, ).The concept of deregulation is not meant to eliminate
government from fraud, but rather reducing government control in the business, thus allowing more of
a free market.
Privatization is the idea that the government should transfer all government operated industries to the
private sector. These government owned businesses include, but are not limited to, banks, schools and
hospitals. Sell state owned enterprises, goods and services to private investors. This includes banks,
key industries, railroads, toll highways, electricity, schools, hospitals and even fresh water. Although
usually done in the name of greater efficiency, which is often needed, privatization has mainly had the
effect of concentrating wealth even more in a few hands and making the public pay even more for its
needs (Garcia, Martinez). One may argue that privatization is ineffective because it only benefit the
ones who can afford to purchase these government entities. However, according to The Latin
American and Caribbean Research Network Project, authors Alberto Chong and Florencio Lopez De
Silanes discuss the benefits of privatization. Overall, the empirical record shows that privatization
leads not only to higher profitability, but also to large
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