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 political/economic priorities of the world and are generally supporters of economic globalization. During the 1930s and the late 1970s most Latin American countries used the import substitution industrialization model to build industry and reduce dependency on imports from foreign countries. The result of the model in these c...
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...that this tactic might initially have. (Edemariam) Essentially, these policies might have worked for Brazil for a period of time, but in the long run they can hurt local economic growth.
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. "'Everybody knows it doesn't work'." 18 February 2009. The Guardian. 2 March 2011
Filh, Alfredo Saad. "Neoliberalism, Democracy, and Development Policy in Brazil." DEVELOPMENT AND SOCIETY June 2010: 1-28.
Routledge, P. "Resisting and reshaping destructive development: social movements and globalising networks." Geographies of Global Change (2002): 310-327.
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