Neoliberalism

So much thinking about the proper role of government in economic growth over the past 2 decades has tends to conclusions which are today known as neo-liberal. The government has a sphere of core competencies-- maintenance of macroeconomic stability, administration of justice, avoidance of deep recessions, provision of social insurance, some infrastructure development --at which it's effective. Though there is a large area of potential activities in which governments--or, at least governments that don't have the bureaucratic honesty and efficiency required for a successful developmental state--are more likely to be destructive than constructive. Thus the neo-liberal recommendation which governments attempt to shrink their role back to their core competencies and thus to deregulate industries and privatize public enterprises.