Question

Identify each political scenario as promoting neoliberal economics or not. promotes neoliberal economics developing countries should privatize water systems, utilities, and transportation.

a. states should not always follow the guidance of the world bank or the international monetary fund.
b. private sector, nongovernmental groups should provide education and social services.
c. governments should protect the environment, even if it is not profitable for the state.
d. does not promote neoliberal economics

Answer 1

Scenarios that advocate for privatization and reduced state intervention in the economy promote neoliberal economics, whereas those that suggest state control or intervention in areas not solely driven by profit do not promote neoliberal economics.

Step-by-step explanation:

The scenarios can be identified as promoting neoliberal economics if they emphasize the role of the private sector and market forces in economic policy, and do not promote neoliberal economics if they prioritize state intervention or control over market forces.

1. Developing countries should privatize water systems, utilities, and transportation: Promotes neoliberal economics as it favors privatization over state control.
2. States should not always follow the guidance of the World Bank or the IMF: Does not promote neoliberal economics as it suggests autonomy from institutions that typically advocate for neoliberal policies.
3. Private sector, nongovernmental groups should provide education and social services: Promotes neoliberal economics by suggesting private provision over public provision.
4. Governments should protect the environment, even if it is not profitable for the state: This does not promote neoliberal economics, as it advocates for state intervention for public good, irrespective of profit.