Examination of Real-World International Economics Debate: Laissez-Faire vs. Interventionism

Over the years, scholars have evaluated several global economic debates that deal with various economic theories and practices. Most of these theories and practices have received enormous criticism, and some compared to others. For instance, one of the most dominant debates has been that of Laissez-Faire versus Interventionism. According to a study by Stahl (2019), Laissez-Faire denotes an economic theory that opposed the need for government intervention in any business affairs. This approach’s core principle was that the lack thereof government involvement in the economy signified economic and business success in societies. Stumpf & Sommer (2019) supports this by revealing that the Laissez Faire economy is linked to free-market capitalism, thereby employing the Marxist model. The Laissez-Faire economy has been particularly advocated against due to the increased prevalence of privatization than nationalization. Unlike the Laissez-Faire economy, economic interventionism denotes an economic policy that favours government involvement and intervention in markets and the economy. Economic Interventionism reveals that the government’s involvement and intervention are necessary since it aids in correcting market failures while promoting the general welfare of the public. Over the past decades, scholars have compared Laissez-Faire and Interventionism to assess which economic method is best for international business. While some have advocated for the Laissez-Faire economy, most countries have today embraced economic interventionism as the main international economic approach.u00a0

Emmanuel Addo

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.