The paper "Economic Change and Urban Development" is an outstanding example of a micro and macroeconomic assignment. Certainly, you may have heard that neoliberalism is being urbanized since it’ s a trend in recent years. Neoliberalism is most people don’ t understand what neoliberalism is all about since it’ s hard on the national television. However, neoliberalism is a very vast subject, and it is a factor that has been trending for the last few years. It can be divided into either political or economic neoliberalism. In this essay, we will discuss what neoliberalism is and how it is being urbanized. There is a very significant difference between economic neoliberalism and political neoliberalism.
In economic neoliberalism, it is believed that maximum economic development can be achieved by shifting the economy from the public sector to the private sector. It is done by implementation of policies such as tax cuts, privatization, globalization and deregulation. The economic view of neoliberalism has been criticized by many people saying that it is only meant to promote self-interest and not the general public interest. It has also been stated that it is the cause of the widening gap between the poor and the rich.
The rich continue to become richer while the poor get poorer. On the other hand, political neoliberalism is used as a strategy to prevent social conflict. It is usually presented to the poor and the working people in the society whereby the government promises little or no interference. This is done by reducing taxes (Brenner and Theodore, 2005). Defining neoliberalism is not as easy as defining any other word. It is because the word has two primary meanings that are used very differently.
This makes it quite difficult for one to understand both meanings and how they are applied in the real world. Neoliberalism is not often used in the news or other public sources hence making it complex to know how and when it was used. People from different races and places move daily to urban areas. The main reason for this migration is that they are in search of employment.
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