Neoliberalism creates impoverished conditions in less-developed nations by ______.
A) creating barriers to the movement of capital
B) driving local farmers and manufacturers out of business
C) providing resources for local farmers to develop their businesses
D) expanding the size of the governmental sector
E) creating more opportunities for immigration across the globe

Question

Quizplus · Accepted Answer

Neoliberalism often leads to local farmers and manufacturers being driven out of business due to the influx of foreign goods and services, which can be more competitively priced due to economies of scale or subsidies in their home countries. This can undermine local economies and contribute to impoverishment.

Neoliberalism Creates Impoverished Conditions in Less-Developed Nations by ______