Introductions of neoliberalism theory ; meaning “Neoliberalism is
in the first instance a theory of political economic practices that proposes
that human well-being can best be advanced by liberating individual
entrepreneurial freedoms and skills within an institutional framework
characterized by strong private property rights, free markets, and free trade.”
(David Harvey, A Brief History of Neoliberalism, 2005, p.2). so is the larger
body of arrangement the system of capitalist in economic policies that unregard
limit and restrictions for manufacture of to reduce business barriers in commerce
trade , make free market and reduce the tariffs that going up to international
political economy .The issue here to have the business trade between countries
, and to sure the free movement of people and there enterprises and resources
will maximize the profit and efficiency in international economy. Many
countries have accepted the capitalism economic system by creating own their
potential productions and the chance of nations business trade in international
market as well the opportunity of own the countries through interaction among
of the people, governments, and from different national to national also in
industrials companies production without limit sell and buy .So neoliberalism
thinking about the freedoms of individual movement, free market and trade
freedoms and own interest of private properties

           The
background of neoliberalism; Embedded liberalism of during the post war
time of compromise of labor and capital in 1776 when Adam smith address wealth
nations in British economic which it was high rate of capital income growth
productions ,the were control on the mobility of income ,monetary policies and
Keynesian fiscal in 1960 it was the end of embedded liberalism became to
collapsed .After the collapse of embedded liberalism made arrangements or
restructuring to extended international market the effort of the United states
America and G 8 nations but now day as we know 
G 7 because Russia is out . G 7 nations are the USA, China,  japan , Germany ,UK, France and Italy. The G8
the arrangement a system of free market or capitalism were there reduce the
cost in trade or profit rate also it was influence the cooperation’s among the
nations to revive economic liberalism which today we call neoliberalism . The
neoliberalism it the program of to power elite economy and the created an
institutions suh as the World bank (WB), The world Trade organizations (WTO)
and International monetary fund (IMF)

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The introductions of development
Development has many different meaning .for some people development means
macroeconomic growth and the accumulations of wealth. For others development
means improving the human condition .these conceptions are not necessarily
mutually exclusive ,but they arise from competing worldviews that often  contest the causes of and therefore the
solutions to poverty and underdevelopment Thomas

 is improvement in human welfare quality of
life, social wellbeing. satisfying the populations needs and wants (measured
use a range of socio economic indicators ).or is the steps or process of
improvement of living standard and good life . living standard is stage their
situation of living in better condition life within our an environment
conditions a national can easer distribution resources and provide social
service to their citizen of social services are health service, educations ,
infrastructure ,water supply to their citizen and electricity energy  as well if a person can get these I explain
above we can account as development individual so we can say Gross domestic
production is key indicator of development with the country the grow of
national product it help to get necessary needs

The impact of neoliberalism on
development

The
impact of neoliberalism in Tanzania it bring Tanzania global economic or
international economic by use neoliberalism now Tanzania driving global market
such business trade, financial business and investment that why jointed with
international trade organizations (ITO), world bank (WB) and international
monetary fund (IMF) so Tanzania government looking chance more development
their own citizen by calling foreign investment 
to domestic in order export manufacture good and creating there job to
their citizen  according major impact of
development we can see international institutions are more importance in
development to Tanzania which is theory of modern liberalism so through
globalization Tanzania society can socialize easer with others people from
broad that why we can say neoliberalism are more important in Tanzania
development

 

 

 

 

 

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