The use of IFQs has often been related to broader processes within neoliberalism that tend to utilise markets as a regulatory tool. The rationale behind such neo-liberal mechanisms situates itself in the belief that market mechanisms harness profit motive to more innovative and efficient environmental solutions than those devised and executed by states. Whilst such neo-liberal regulation has often been cited as a move away from state governance, in the case of privatization the state is integral in the process of creating and maintaining property rights.