__________ is based on a market-oriented perspective which assumes that "pure" capitalism is good and that the best economic outcomes occur when governments follow the policy of laissez-faire (hands-off) business, giving capitalists the opportunity to make the "best" economic decisions.

Question

Quizplus · Accepted Answer

The described perspective is that of modernization theory, which emphasizes the spread of capitalism and free markets as necessary for development and economic growth. World systems theory and dependency theory both critique the idea of pure capitalism and highlight the exploitative relations between different countries and regions. The New International Division of Labor theory focuses on the changing patterns of labor and production in the global economy.

__________ Is Based on a Market-Oriented Perspective Which Assumes That