Lloyd has been studying Uganda for decades. Based on his research, he believes that barriers to trade, minimum wage laws, and environmental regulations that affect Ugandan businesses are getting in the way of development and should be minimized or eliminated. His view is best described as:
A) Marxism.
B) social democracy.
C) neoliberalism.
D) anarchism.

Question

Quizplus · Accepted Answer

Lloyd's view aligns with neoliberalism, which advocates for free markets, limited government intervention, and the reduction of barriers to trade and business regulations. This ideology emphasizes the importance of economic growth and individual freedom. Marxism, on the other hand, prioritizes the collective ownership of property and means of production, and social democracy advocates for a balance between capitalism and social welfare programs. Anarchism rejects all forms of hierarchical authority and government intervention, which is not consistent with Lloyd's view.

Lloyd Has Been Studying Uganda for Decades