Understanding the Implication of Neo Liberal Approach: A Case Study of Post Conflict Economy

Political Economy

The paper attempts at understanding essential conditions and background for applying neo liberal approach to post conflict society. Further it explains the nuances of Neo Liberal approach and how it has been found unsuitable for recovery of post conflict political economy. Neo-liberal economic principles rely heavily on invisible hands of market. While the free-market forces tend to work well in established systems with robust institutional support, they may not be suitable in fragile post-colonial economies which are vulnerable to market risks, unfair competition and rising inflation. This paper examines the case of countries like El Salvador, Sierra Leone and Haiti to further analyses the worsening impact of Neo Liberal approach in post conflict society. As way forward, it provides certain measures and possible solutions as an alternative to Neo Liberal policies in post conflict states.

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