State A is a poor, developing country.Its government concludes that heavy government regulation and centralization of the economy has stifled economic growth, and it decides to privatize government-owned enterprises, promote free trade, and reduce or remove government regulations.Which theory of economic development are these actions most closely aligned with?

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State A is a poor, developing country.Its government concludes that heavy government regulation and centralization of the economy has stifled economic growth, and it decides to privatize government-owned enterprises, promote free trade, and reduce or remove government regulations.Which theory of economic development are these actions most closely aligned with?