After the end of the Cold War, a new view of international development emerged that relied on international institutions like the World Bank and the International Monetary Fund to encourage nation-states to achieve prosperity by finding a niche in the growing global capitalist market. This view is called

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Neoliberalism emphasizes the role of free markets, free trade, and the minimal intervention of the state in the economy, advocating for the privatization of state-owned enterprises, deregulation, and enhancing the role of the private sector in achieving economic growth. After the Cold War, neoliberal policies were widely promoted by international institutions such as the World Bank and the International Monetary Fund as a path to prosperity for developing countries, encouraging them to integrate into the global capitalist market.

After the End of the Cold War, a New View