DEVELOPMENT IN NEOLIBERAL POLICIES PERSPECTIVE

Abstract

Author(s): Mehmet Emin KONAT? Zafer YILDIZ

Neoliberal policies, which gained momentum since the 1970s, first removed the barriers to international trade in goods and services, and then completed the mission by removing the barriers to international capital movements. England, which developed with protective policies before the Industrial Revolution, started to support liberal policies due to the need for market for its increasing production after the Industrial Revolution. The low profit and interest rates in the growing economies started capital movements towards the developing countries and thus the developed countries started to gethig her gains. The acceleration of this process brought about financial crises. In this study, the relationship between neoliberal policies and development is examined. In this context, the definition of neoliberal policies, objectives, reflections in the global markets, as well as the definition of development, the necessity for nations in the light of neoliberal policies is possible with the presence of minimum state presence and free markets in the sense of the aim of making the basis of laisses-faire policies and their reflections on development

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