Date of Award

1-1-2019

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Chiara Piovani, Ph.D.

Second Advisor

Yavuz Yasar, Ph.D.

Third Advisor

George DeMartino, Ph.D.

Keywords

Brazil, Development, Government intervention, Neoliberalism, South Korea, Trade

Abstract

Since the early 1980s, the economic performance of individual countries has been increasingly dependent on global dynamics. Neoliberal policies, including free trade, have been fostered by the global community for both mature and developing economies, led by the view that free markets constitute the driving force of economic growth and development. Accordingly, the World Trade Organization (WTO), the International Monetary Fund (IMF) and the World Bank (WB) - in addition to the developments within mainstream economic theory - have contributed to portray the state as the carrier of inefficiencies and market distortions, which prevent the unfolding of economic freedom and profitable entrepreneurship. This thesis examines historical evidence in theory, policy and practice to investigate whether limited state intervention is indeed justified. It provides evidence to support the contention that the role of the state should not be abandoned in theory and policy because market forces alone cannot support long term development goals of a country.

Publication Statement

Copyright is held by the author. User is responsible for all copyright compliance.

Provenance

Received from ProQuest

Rights holder

Sumaiya Nehla Saif

File size

156 p.

File format

application/pdf

Language

en

Discipline

Economics

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