A political orientation originating in the 1960s, blending liberal political views with an emphasis on economic growth.
A view of the world that favors social justice while also emphasizing economic growth, efficiency, and the benefits of free markets.
An economic system based on free enterprise and free trade ("liber" in Latin means "free") that holds that no government action should inhibit absolute freedom of commerce by people or corporations anywhere in the world. This economic system has been particularly hard on third world countries. See GLOBALIZATION
A view of the world based on the belief that the optimal economic system is achieved by giving free reign to market participants, privatization, free trade, and the shrinking of government intervention in the economy. Critics argue that neoliberal policies prioritize corporate profits over the welfare of the working majority and society at large. See also Washington Consensus
"The policies of privatization, austerity, and trade liberalization dictated to dependent countries by the International Monetary Fund and the World Bank as a condition for approval of investment, loans, and debt relief."
Economic philosphy popularised in the early 1990s which advocated that the market is always the most efficient distributer of goods and services. Hallmarks of neoliberalism include corporatisation, privatisation, the selling of state assets and the removal of tariffs and trade barriers. Trade & Economy
is the defining political economic paradigm of our time - it refers to the policies and processes whereby a relative handful of private interests are permitted to control as much as possible of social life in order to maximize their personal profit. Associated initially with Reagan and Thatcher, neoliberalism has for the past two decades been the dominant global political economic trend adopted by political parties of the center, much of the traditional left, and the right. These parties and the policies they enact represent the immediate interests of extremely wealthy investors and less than one thousand large corporations.