100. Read the following Passage and answer the question:
The idea of liberalist model of development is based on the free market economy and policy of laissez-faire. In this arrangement, the person is handed over to the market and it is claimed that the person is independent and can participate in the development itself. It is obvious that this model involves globalization and privatization under which it is assumed that the whole world is a village and every person can openly trade with each other. In such a system, the license system is loosen and state control is minimized and, the minimum intervention of the state is desired in the economic, political, and social sectors. Under this model, the development is synonymous with maximum production which gives greater emphasis to industrialization and urbanization. In this system, because the doors of business are open to the whole world; multinational corporations start spreading their net and the entire market of developing countries is filled with foreign products. Consequently, the domestic production of that country lags. If the scale of development is to be talked about, then the level of development is measured based on gross national production and national income. While measuring them, those persons are not considered whose income and employment are at the lowest levels in the society. Actually, this model works to create a gap in the state, in which there is a rich class on one side and on the other, a section whose own minimum requirements are not met. Definitely, this model talks about the development of the person at the economic, political, and social levels, but it keeps the 'survival of the fittest' in the center. In such a way, the holistic development of a person is impossible.
Q. Given below are two statements: (NET March 2023 Shift II)
Statement I: Liberalist model regards economic development as the precondition for individual development.
Statement II: The liberalist model does not suit to developing countries, as they feel it will be a source of neo-colonial control of developed countries.
In light of the above statements, choose the correct answer from the options given below: