Topic > Neoliberalism in Brazil - 1298

In an article titled “Resisting and Reshaping Destructive Development: Social Movements and Globalization Networks,” P. Routledge describes neoliberal development, “Contemporary economic development is guided by the economic principles of neoliberalism and popularly called 'globalisation'. The fundamental principle of this doctrine is "economic freedom" for the powerful, that is, that an economy must be free from the social and political "impediments", "shackles" and "restrictions" placed on it by the states that they try to regulate the market. name of the public interest. These “impediments” – which include national economic regulations, social programs, and class compromises (that is, national bargaining agreements between employers and unions, if they are permitted at all) – are considered barriers to the free flow of trade and capital, and to the freedom of multinationals to exploit labor and the environment in their best interests. Therefore, the doctrine holds that national economies should be deregulated (e.g. through the privatization of state-owned enterprises) in order to promote the allocation of resources by “the market” which, in practice, means by the most powerful.” (Routledge) Neoliberalism is a form of economic liberalism that emphasizes the efficiency of private enterprise, liberalized trade, and relatively open markets. Neoliberals seek to maximize the role of the private sector in determining the world's political/economic priorities and are generally supporters of economic globalization. During the 1930s and late 1970s most Latin American countries used the import substitution model of industrialization to develop industry and reduce dependence on imports from foreign countries. The result of the model in these c...... middle of paper ......that this tactic might have initially. (Edemariam) Essentially, these policies may have worked for Brazil for a period of time, but in the long term they may harm local economic growth. Works Cited De Lourdes Rollemberg Mollo, Maria and Alfredo Saad-Filho. "Neoliberal Economic Policies in Brazil (1994–2005): Cardoso, Lula, and the Need for a Democratic Alternative." New Political Economy March 2006: 99-123.Edemariam, Aida. “'Everyone knows it doesn't work'.” 18 February 2009. The Guardian. March 2, 2011 .Filh, Alfredo Saad. "Neoliberalism, democracy and development politics in Brazil". DEVELOPMENT AND SOCIETY June 2010: 1-28. Routledge, P. “Resisting and Reshaping Destructive Development: Social Movements and Globalized Networks.” Geographies of global change (2002): 310-327.