Neoliberalism: A Very Short Introduction
Anchored in the principles of the free-market economics, 'neoliberalism' has been associated with such different political leaders as Ronald Reagan, Margaret Thatcher, Bill Clinton, Tony Blair, Augusto Pinochet, and Junichiro Koizumi. In its heyday during the late 1990s, neoliberalism emerged as the world's dominant economic paradigm stretching from the Anglo-American heartlands of capitalism to the former communist bloc all the way to the developing regions of the global South. At the dawn of the new century, however, neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. So is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuine new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism? Exploring the origins, core claims, and considerable variations of neoliberalism, this Very Short Introduction offers a concise and accessible introduction to one of the most debated 'isms' of our time. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
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Chapter 1Whats neo about liberalism?
Reaganomics and Thatcherism
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American Argentina argued Asian assets Bill Clinton billion British budget deficit capital Chapter China Chinese classical liberalism Clinton’s market globalism competition controls countries country’s currency debt decade deregulation dollars domestic economic growth economists elites enterprises exchange rate export Federal fiscal forced foreign direct investment free market free trade Friedman Ghana global economy global financial crisis global market global South government’s Hayek ideological increased India individual industries inflation initiative interest rates investors Japan Junichiro Koizumi Keynesian Labour Latin America leaders loans Manmohan Singh market-oriented massive military Milton Friedman mode of governance monetarist monetary neoconservative neoliberal neoliberal mode neoliberal reforms package Party political President President’s Prime Minister principles production Reagan Reaganomics Reaganomics and Thatcherism region regulations Roaring Nineties second-wave neoliberalism sector securities Singh Soviet spending strategy tariffs tax cuts Tony Blair Union University Press Washington Consensus welfare World Bank