How Neo-Developmentalism Can Contribute to the Development of Developing Countries: An Example From the Economic Policies of President Lula's Administration in Brazil

Abstract

Since many developing countries face poverty problems, economic imbalance, and a wide gap between rich and poor in society, implementing neoliberalism cannot meet the needs of their economic and social development. This paper examines the impact of neo-developmentalism on developing countries from the case of Brazil. The report analyzes the Zero Hunger Policy, the most important economic and social policy of neoliberalism during the Lula presidency in Brazil, and through the analysis of the program itself, analyzes its social and economic impacts on Brazil while also pointing out some of its limitations. Finally, this paper argues that neo-developmentalism can narrow the gap between the rich and the poor, improve the quality of life of the people in developing countries, and at the same time, it is also conducive to the strengthening of the role of the government in the market, and promote the economic development of developing countries.