It is reported that the global economic situation is not so good that many kinds of problems are emerging,
especially in the developing countries. Egypt and Morocco are two examples of
our study.
They have carried out the economic
reform for a long time and what’s the effect? A recent article studies
the ways they exploited the global economic situation
and confirms whether they benefited from the openness of the markets. They
mainly analyze the neoliberal policy, which has great influence on the
development of their countries and the situation of the country has proved that
the perspective of neoliberal policy seems wrong.
In fact, neoliberal policy, which is
related to neoliberalism, means free-market economics. And it involves policies
associated with free trade, privatization, price deregulation, a reduced size
of government and flexible labour markets. And the purpose of carrying out the
policy is to open the market, reduce the management from the government and
improve the economic development, which is helpful to achieve the globalization.
According to the study result, we found that the economic condition didn’t improve, and
became worse instead. How did it happen? The core problem that comes with the
neoliberal policy is the disagreement of economic (neo) liberalism and
democratization or the disagreement between the development of economy and politics.
Some people once said that that liberal democracy will
be the final form of human government on a universal scale. And, according to
the current situation, we can find the neoliberal policy causes the severe economic
inequality, which finally leads to the instability and unrest of some
countries.
In general, carrying
out the neoliberal policy with the political agenda which is about democracy,
liberalization and operational strategies will improve the economical situation
of different countries, reduce the risk of inequality and finally realize the
steady development and progress of the global society.
Article by Alex Afouxenidis and
Christos Kourtelis, from Greece and Turkey.
Read more @ http://mrw.so/1xAxbl
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Image by theanondude, from Flickr-cc.
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