In President Ronald Reagan’s 1981 inaugural address, he infamously said that "government is not the solution to our problems; government is the problem.” Within that one statement, Reagan presented an increasingly popular ideology based on the foundations of neoliberalism. Neoliberalism is a free market economic philosophy based on the idea that an economy is a self-regulating entity that always balances out and a government is inefficient and costly. Neoliberals support the deregulation of markets and industries, the reduction of taxes, and the privatization of governmental programs, shifting them over to private section. Reagan's neo-liberal doctrine and policies are ever more prevalent with the world economy becoming closer to a homogenous global market around which they can freely move raw materials, labour, capital, finished products, tax-paying obligations, and profits’ (Barnes 2006, 21). In a world driven by neo-liberalism ideals, privatization is expected to solve many of the world’s problems.
Neoliberals believe international development will lead towards economic growth and the reduction of poverty and hunger. A large factor in this philosophy is the belief and the support of comparative advantage. According to this principle, countries grow by taking advantage of their resources to produce the best assets, …show more content…
As previously mentioned, human-rights activists have raised concerns about land grabs in Cambodia. Since 2014 alone an estimated 60,000 Cambodians have been victims of foreign land grabs. This is not an uncommon occurrence in underdeveloped states; government officials often take advantage of nation's weak property rights system to envelop land from farmers. By some estimates, the state has now leased or sold off two-thirds of the country's most fertile land to large agricultural firms
Neoliberals believe international development will lead towards economic growth and the reduction of poverty and hunger. A large factor in this philosophy is the belief and the support of comparative advantage. According to this principle, countries grow by taking advantage of their resources to produce the best assets, …show more content…
As previously mentioned, human-rights activists have raised concerns about land grabs in Cambodia. Since 2014 alone an estimated 60,000 Cambodians have been victims of foreign land grabs. This is not an uncommon occurrence in underdeveloped states; government officials often take advantage of nation's weak property rights system to envelop land from farmers. By some estimates, the state has now leased or sold off two-thirds of the country's most fertile land to large agricultural firms