Which approach to addressing underdevelopment in the Global South is most likely to be supported by a liberal economic theorist?
A) Import-substitution industrialization
B) Heavy regulation of trade
C) Allowing free flow of capital and investment into the Global South
D) Egalitarianism

Question

Quizplus · Accepted Answer

A liberal economic theorist would generally support the idea of allowing free flow of capital and investment into the Global South, as they prioritize the principles of free market and competition. They would argue that this approach would lead to greater economic growth and development, as well as increased employment opportunities and access to resources for those living in the Global South. Import-substitution industrialization and heavy trade regulation would go against these principles, while egalitarianism is not necessarily linked to a specific economic approach.

Which Approach to Addressing Underdevelopment in the Global South Is