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Development Administration - Essay Example

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Development Administration

In foreign policy, Neoliberalism is a proponent of the opening of foreign markets via political means, through diplomatic means, economic pressure and if needed be, then military might as well. In this context, opening of markets implies free trade and international division of labor. Neoliberalists mostly favor multilateral political pressure through various international organizations and treaty devices such as the WTO, the World Bank and the African Development bank. It promotes reducing the role of national governments to negligible. It encourages privatization over direct government involvement and evaluates success in the overall economic gain. To build on efficiency and increase employment, it works to reject and alleviate labor policies such as minimum wage and overall bargaining rights. It is a vehement opponent of socialism, protectionism, fair trade and according to some critics it is a major obstacle to democratic rule. Similarly these critics argue that labor rights and social justice should be prioritized over international relations and economics.
In the United States neo-liberalism has been linked with positions that support free trade and welfare reform. It does not oppose Keynesianism and environmentalism in these areas. In the American context, for instance Brad DeLong is a very avid defender of Neoliberalism, despite being a Keynesian, someone who has constantly supported income redistribution and also a fierce critic of the Bush Administration. It is also colinked with the Third Way aka social democracy under the New Public Management movement. Those supporting the US Version of Neo-liberalism put it forward as a pragmatic position that focuses on what works and what doesn’t work. The concept emerged during the 1980s as an alternative to the famous interventionist approach of the Democratic Party and the anti-government Pro Business approach of the Republican Party. Charlie Peters, Robert Reich, Lester Thuron, Gary Hart, Paul ...Show more

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It is based upon the neo-classical theories of economies. These theories work to maximize the part played by the private business sector in deciding what are the political and economic priorities…
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