Neoliberalism Vs Utilitarianism

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Both arguments concerning the obstacles to development make valid points. The neoliberalism position focuses on the misguided policies enforced by the developing states. They argue that excessive government control of the domestic and the international economy of the state prevents economic growth, while fiscal discipline and non-intervention by the state’s governments allows the economy to stimulate. On the other hand, the dependency theory perspective, which focuses on the global order between rich and poor nations, argues that the wealthy states exploit the weak states, therefore, producing underdevelopment and global inequality.
Neoliberalism centers on the reduction of protectionist policies, such as government subsidies, quotas, tariffs,

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