A liberal economic theorist is likely to support a free-market approach to addressing underdevelopment in the global south.
This would involve the liberalization of markets, allowing for governments to reduce or eliminate regulations, taxes and tariffs that can act as barriers to trade and investment. Additionally, liberal economists would advocate for the development of infrastructure and the provision of incentives to attract private investment in the region. Finally, they would call for the reduction of government intervention in the market, as well as the promotion of the competition and also the efficient allocation of the resources.
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