THE in order to progress, development is growth, but

THE IMPACT OF NEOLIBERALISM ON
DEVELOpMENT

 

To explain what
neoliberalism is in simple words it is simply the model of economics that transfers
the control of economic factors from the public sector to the private sector.
It is very similar to neoclassical economics in such a way that they have the
same principles, principles such as they suggest to the governments to limit
protectionism, limit subsidies and open markets up to trade, So basically this
is just a simple explanation of neoliberalism, Now I will like to define
development in order to progress, development is growth, but there is one that
I will like to explain again which is economic development which is the aim and
process to bettering the economy of a state in terms of things such as the
increment of income and the increasing of the level of employment and also the
standard of living of people in the society. Now we are going to critically
assess the impacts of neoliberalism on development be it negative or negative
or positive. In my essay I am going to be using a lot of scholarly supports and
expert backings to justify my view on the impact of the of neoliberalism on
development  (Zadra, 2017) According to the author of this article neoliberalism
has proven to be inadequate and irredeemable, global vulnerability and
uncertainty, angst and widespread economic disparities demonstrate the
unreliability, hence neoliberalism interferes with the welfare of the majority
as a matter of fact just a handful of certain persons definitely achieve
economic prosperity . (Zadra, 2017) Zadra, C. (2017). Neoliberalism
and Development. Università Ca’Foscari Venezia.  

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

 

There
are particular theoretical views that I would like to explain in my essay and
these theories are the Marxist view on neoliberalism and the liberal view on
neoliberalism. The liberal view is more neoliberalism friendly because liberals
are all about free market and basically just liberal views while the Marxist
view does not really support the idea of neoliberalism

 

 

Looking
at the article above the author doesn’t see a positive impact of neoliberalism
on development the author just sees neoliberalism as being unreliable and
vulnerable.

   According to the authors of this article
Howlett, Seini, Mcallum and Osbourne, Neoliberalism and globalization has
positive opportunities for indegionou communities through resource development
projects for their traditional lands. It also says that neoliberalism has given
the indigenous communities of Queensland who have engaged with mineral
developments opportunities

(Howlett,
Seini, McCallum, & Osborne, 2011)

The
citied article and summary above is quite straight forward and understandable
neoliberalism is all about transferring economic factors from the control of
the public sector to the control of the private sector, and this according to
the article is what neoliberalism and globalization is doing, giving the
communities opportunities for their traditional lands to be able to gain
mineral developments.

 

 

To
digress a little although neoliberalism might have lots or some criticism, it
has been really dominant be it thought or practiced throughout the whole world
since the 1970s

 

 

Atia, M. (2012). “A way to paradise”: Pious
neoliberalism, Islam, and faith-based development. Annals of the Association of American Geographers, 102(4), 808-827
According to the author of this article neoliberalism can help with the
devlopment in Cairo, the research done in this article contributes to our
understanding and compatibility between religious and neoliberal values through
an introdution to the concept of “Pious neoliberalism” is the melding of
islamic piety and neoliberal development it was brought about by three-faith
based organizations they promote financial investment, entrepreneurship and
business skills as important components of religiousity

 

Thus far we have seen that neoliberalism is
infact very still much helping in terms of development that’s in some areas
alothough not all.

This article talks about the impact of
neoliberalism and its development on housing (Forrest &
Hirayama, 2009). Neoliberalism over
the last two decades has been very influential in reshaping housing systems of
these policy developments have however, veried between and within socities,
there have been, there have been a shared discourse of neoliberalism, there
have been contextual differences in relation to economic cycle, welfare systems
and political complexion, these have affected the progress and development of
neoliberal policy reforms in the housing and in other related sphere..

 

 

 

Development beyond neoliberalism? (Craig & Porter,
2006) this is a book that
centers on what exactly the current focus of development is which are poverty
reduction and governance signals a turn around from the old neoliberal
preoccupation with the structural adjustment privitazion and downsizing the
state. The new neoliberal preoccupation emphasizes on the empowering and
securing the poor through basic service delivery, local partnership,
decentalization  and institution building
constitute a decisicve back with the past and a whole set of new development
possibliltes beyond neoliberalism

 

 

 

The newness of neoliberalism according to
this article (Brohman, 1995) the meterioc rise in fame in
development studies, it has only been the last few years that it has been
subjected to scrutiny. There is a theoretical crtique that can be applied to
neoliberalism which can help expalin neoliberalisms shortcomings. This article
talks about economism and development and their relations to neoliberalism.
Economism is often used as a term to criticze economics as an ideology. It  is also the reduction of all social facts to
economic views

 

 

With going this far I would like to point out a view of
mine before going any further to support myself with other scholarly works. I
feel that personally neoliberalism helps entrepreneurs develop I’ll explain, as
I have defined above the meaning of neoliberalism ill relate it to how it helps
them. Entrepreneurship is all about self-invention and starting your own
business from scratch, and if neoliberalism is all about transferring the
control of economic factors from the public sector to the private sector it is
meant to benefit them cause there won’t be any government intervention or
obstacle to interrupt their trade, thus by this happening there will be
economical development to the entrepreneurs and even to the state if the trades
are done well. But this is just my own personal view on how neoliberalism will
benefit and develop entrepreneurs more than any other class that wants to get
involved

 

 

 

This article talks about the impact of 10 years of neoliberal
policies on poverty and income distribution in Brazil (Amann
& Baer, 2002) but the neoliberal policies that
were implemented did not really achieve 
anything in terms of reducing the income inequality and poverty, but
then also trade and market reforms helped with the attainment of price stability
and fast capital inflows. According to this article neoliberal policies have
not resulted in high growth with equity, but also brought some solutions to the
critical problems of Brazil’s problem such as the equity problem, one solution
was to usher brazil’s societies into the post-industrial age in which the
service sector will be the most populated of the working population. Another
solution is that the state has to act as a regulator not a controller and try
to balance the interest of investors and consumers.

 

 

 

This next article that I’m going to address talks about
neoliberalism being a project to restore (Harvey,
2007) class dominance to sectors that saw
their fortunes at the risking to losing them by social democratic endeavours in
the post era of the second world war. Neoliberalism has had quite limited
effects as a  factor for economic growth
it has succeeded in channelling  wealth
from the subordinate classes to dominate ones and from poorer countries to
richer countries

 

Thus far we have seen that neoliberalism has both its
positive effects and also has its negative effects on development in some cases
you can see that some neoliberal policies do not help with economic growth like
in the case of Brazil, but in some other cases it has shown to be a very good
way of development like in the case of the mineral development article
neoliberalism helped to develop the indigenous peoples traditional lands. So it
is a two way thing

 

 

Neoliberalism  and its
policies doesn’t only help with economic development, it also helps with
political development, as I have defined and explained earlier neoliberal
policies are as follows free market competition etc. Free market trade can help
boost up the political system of a state cause in most cases of free trade
there terms to be good relationship between the states, there is always lack of
competition and of course there will be no sense of anarchy between the two
(taken that the relationship is of a developed country and an undeveloped
country).

 

 

 

The development that neoliberalism has brought about in the
case of economy has not been neglected but there is a particular class that has
well benefitted from this, the capitalist ideology. (Carroll
& Sapinski, 2017) we know that capitalism is the
political and economic system in whuch the country is controlled by the private
sector and we know that the neoliberalism transfers the control of economic
factors to private sector. Hence neoliberalism has helped the transnational
capitalist class move to the next level by the transferring of economic factors
to their control the capitalist class is highly pro-neoliberalism

 

First, two matters of definition. As doctrine,
neoliberalism asserts that ‘free’ markets ‘are the most moral

and the most efficient means for producing and
distributing goods and services

 

 

 

the united nation(UN) has also found itself amongst the ones
helped by neoliberalism(Briant
Carant, 2017) this article talks about the UN
millennium development goals of 2001 and its failures

 

 

 

CONCLUSION

  

 

 Amann, E., &
Baer, W. (2002). Neoliberalism and its Consequences in Brazil. Journal of Latin American Studies, 34(4),
945-959.

Atia, M. (2012). “A way to paradise”: Pious neoliberalism, Islam,
and faith-based development. Annals of
the Association of American Geographers, 102(4), 808-827.

Briant Carant, J. (2017). Unheard voices: a critical discourse
analysis of the Millennium Development Goals’ evolution into the Sustainable
Development Goals. Third World Quarterly,
38(1), 16-41.

Brohman, J. (1995). Economism and critical silences in development
studies: a theoretical critique of neoliberalism. Third World Quarterly, 16(2), 297-318.

Carroll, W. K., & Sapinski, J. P. (2017). Neoliberalism and the
transnational capitalist class.

Craig, D. A., & Porter, D. (2006). Development beyond neoliberalism?: Governance, poverty reduction and
political economy: Routledge.

Forrest, R., & Hirayama, Y. (2009). The uneven impact of
neoliberalism on housing opportunities. International
Journal of Urban and Regional Research, 33(4), 998-1013.

Harvey, D. (2007). Neoliberalism as creative destruction. The annals of the American academy of
political and social science, 610(1), 21-44.

Howlett, C., Seini, M., McCallum, D., & Osborne, N. (2011).
Neoliberalism, mineral development and Indigenous people: A framework for
analysis. Australian Geographer, 42(3),
309-323.

Zadra, C. (2017). Neoliberalism
and Development. Università Ca’Foscari Venezia.