In an article entitled “Resisting and reshaping destructive development: social movements and globalizing networks”, P. Routledge describes neoliberal development: “Contemporary economic development is guided by the economic principles of neoliberalism and commonly referred to as “globalization”. The fundamental principle of this doctrine is "economic freedom" for the powerful, that is to say that an economy must be free from the social and political "obstacles", "fetters" and "restrictions" which are imposed on it. imposed by states attempting to regulate the economy. name of public interest. These “barriers” – which include national economic regulations, social programs, and class compromises (i.e. national bargaining agreements between employers and unions, assuming these are permitted) – are considered as obstacles to the free movement of trade and capital, and to freedom of expression. transnational corporations to exploit labor and the environment in their best interests. Therefore, the doctrine holds that national economies should be deregulated (e.g. through the privatization of state-owned enterprises) in order to promote the allocation of resources by "the market", which in practice means by the most powerful . » (Routledge) Neoliberalism is a form of economic liberalism that emphasizes the efficiency of private enterprise, trade liberalization, and relatively open markets. Neoliberals seek to maximize the role of the private sector in determining the world's political and economic priorities and are generally supporters of economic globalization. During the 1930s and late 1970s, most Latin American countries used the import substitution industrialization model to expand their industry and reduce their dependence on imports from countries foreigners. The result of the model in these c...... middle of paper ......that this tactic could initially have. (Edemariam) Essentially, these policies may have worked for Brazil for a while, but in the long run they may harm local economic growth. Works Cited By Lourdes Rollemberg Mollo, Maria and Alfredo Saad-Filho. “Neoliberal economic policies in Brazil (1994 – 2005): Cardoso, Lula and the need for a democratic alternative.” New political economy March 2006: 99-123. Edemariam, Aida. "'Everyone knows it doesn't work'." February 18, 2009. The Guardian. March 2, 2011. Filh, Alfredo Saad. “Neoliberalism, democracy and development policy in Brazil”. DEVELOPMENT AND SOCIETY June 2010: 1-28. Routledge, P. “Resisting and reshaping destructive development: social movements and global networks. » Geographies of global change (2002): 310-327.