Second, oppose state intervention and advocate free competition and laissez-faire;
The third is to advocate economic liberalization, including trade liberalization and financial liberalization.
The development theory of neoclassicism school is characterized by:
Emphasis is placed on outward development and foreign trade, economic privatization, agricultural development and human capital investment. The representative theories of this school include income redistribution theory, free trade theory, market mechanism theory, agricultural development theory and human capital theory.
Neoclassical economics, introduction: Neoclassical economics, also known as the first generation of neoclassical economics and neoclassical economics, is an economic trend of thought that appeared at the beginning of the twentieth century. They are a loose group and have inherited the position of classical economics. They advocate supporting free market economy, individual rational choice, and opposing excessive government intervention and Keynesian economics. The central argument of neoclassical economic development theory can be summarized as the result of economic underdevelopment, which comes from the wrong price policy and the improper allocation of resources caused by excessive state intervention caused by the excessive activities of the third world government. Therefore, we should re-evaluate the role of government and market in economic development and use market forces to solve development problems. This ideological turn in the field of development economics is called "neoclassical revival".