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Showing posts with the label Uses of Neoliberalism

Neoliberalism

Neoliberalism is a complex and contested term that refers to a set of economic policies that advocate for free-market principles, deregulation, and limited government intervention in the economy.  Learn more at the Ransford Global Institute   Neoliberalism’ is one of these new ‘isms’. The term was first coined in postWorld War I Germany by a small circle of economists and legal scholars affiliated with the ‘ Freiburg School ’ to refer to their moderate programme of reviving classical liberalism.  In the 1970s, a group of Latin American economists adopted neoliberalismo for their pro-market model.  By early 1990s, however, left-leaning critics of market reform in the global South had imbued ‘neoliberalism’ with pejorative meanings associated with the ‘ Washington Consensus ’ – a set of economic institutions and policies alleged to have been designed by the United States to globalize American capitalism and its associated cultural system.  Other critics dismissed ‘neoliberalism’ as an o