Neoliberal fundamentalism is defined as the maximization of the economic growth of developed nations through the replacement of the national development strategy directed by statistics with the maximum opening of the national economy to international and national markets . free market conservatism. To construct a critique of "neoliberal fundamentalism", both the works of H. Chang and B. Milanovic will be analyzed. Chang's article presents a number of perspectives that clearly illustrate the negative aspects of this idealistic market. Currently developed countries (NDCs) benefit from using this market because it also forces developing countries to lower their tariffs and allow foreign investment. As such, the market is opened up giving NDCs greater access to cheaper goods and further strengthening their economy. The real question here is whether or not neoliberal fundamentalism actually produces a negative outcome for developing countries. Chang explores this question in his article “Kicking Away the Ladder.” He wonders why the NDCs who control development policy do not recommend policies used over the last few centuries which have enabled the NDCs to develop themselves. Overall, Chang wonders if the NDCs are trying to “kick the ladder?” Through his analysis, Chang concludes that this is actually what is happening through the use of a neo-liberal fundamentalist system. While it may be true that some NDC policy makers believe that their country used to develop a laissez-faire system; however, no matter what the intention behind this “ladder,” the fact remains that the economic growth promised through policy implementation by the IDPE and the NDCs that control it is… middle of paper. ....the policies were constructed for the purpose of preventing the growth of third world countries. However, although neoliberal fundamentalism is clearly presented negatively as a way for NDCs to open their markets to cheaper goods, it is also important to understand that there may also be some importance in imposing a global scale of economic dominance by Western nations. Evidence suggests that global resources would not be able to cope with improving the living standards of 5 billion people living in relative poverty. The earth will effectively be drained of its resources by the end of the century. Therefore, although it is clear that neoliberal fundamentalism was interpreted by the NDCs to maximize their own markets, it has in fact prevented the growth of developing countries, which is what the NDCs suggested was their goal in implementing these policies..
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