This economic policy emphasizes privatization,export production,and limited restrictions on imports.
A)neoliberalism
B)dependency theory
C)modernization theory
D)neocolonialism
E)Marxism

Question

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Neoliberalism is an economic policy that emphasizes free market capitalism, deregulation, privatization, and limited government intervention. It is characterized by a focus on export production for economic growth and a reduction of barriers to trade, including limited restrictions on imports. Dependency theory, on the other hand, emphasizes the negative impact of developed countries on developing countries, while modernization theory focuses on the process of becoming developed through industrialization and technology transfer. Neocolonialism is a term used to describe the continued dominance of developed countries over former colonies, while Marxism advocates for the abolition of private property and a socialist economy.

This Economic Policy Emphasizes Privatization,export Production,and Limited Restrictions on Imports