Copyright © Philip M. Parker, INSEAD. Terms of Use.

Neoliberalism

Definition: Neoliberalism

Neoliberalism

Noun

1. A political orientation originating in the 1960s; blends liberal political views with an emphasis on economic growth.

Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.
 

.

Crosswords: Neoliberalism

English words defined with "neoliberalism": neoliberal. (references)

Top     

Specialty Definition: Neoliberalism

(From Wikipedia, the free Encyclopedia)

Neoliberalism is political philosophy and movement beginning in the 1960s that de-emphasizes traditional liberal doctrines to achieve progress and social justice by more pragmatic methods, especially an emphasis on economic growth. Because of close association between this philosophy and neoclassical economics, and confusion with the overloaded term "liberal", the term neoclassical philosophy is advocated by some.

Either term is primarily used by critics of neoliberalism rather than proponents, thus most discussion and description of neoliberalism is written from a critical point of view. Supporters of concepts found in neoliberalism, such as free trade and capitalism, view many of the descriptions of neoliberalism as straw man arguments.

As described by Berkeley economic historian Bradford DeLong, neoliberalism has two main tenets:

"The first is that close economic contact between the industrial core and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, [except] for core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize)."

Neoliberalism is often identified with a number of global organizations, including the World Trade Organization (WTO), the World Bank and the International Monetary Fund (IMF). The concept of neoliberalism arose as economists at the World Bank and IMF found that post-World War II development strategies for poor countries were not having the intended effects. In particular, funding for mega-projects left poor countries with high debts but little growth to show for it.

The neoliberal doctrine is also a subset of the so-called "Washington consensus": a set of specific policy goals designed for Latin American countries to help them recover from the "lost decade" of the 1980s. This period not only saw a rise in dictatorships in the region, but also disastrous financial mismanagement resulting in rapidly rising prices for basic products, which inevitably caused an increase in poverty. In addition to the tenets of neoliberalism, the Washington consensus stipulated that a country should have stable exchange rates and a government budget in balance.

Neoliberalism has drawn its share of critics due, in part, to some catastrophic failures. In particular, Nobel prize winner and former World Bank chief economist Joseph Stiglitz argues that the IMF is guilty of forcing neoliberal and Washington consensus policy goals on countries at times when it was not appropriate (i.e., the Asian Economic Crisis), with devastating results. Neoliberalism has also been criticised by the anti-capitalist movement, who argue that market forces inevitably increase inequality in wealth and hence power.

See also: anti-capitalism, privatization, Keynesian economics

External Critical Resources

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Neoliberalism."

Top     

Commercial Usage: Neoliberalism

DomainTitle

Books

  • Contemporary Economic Theory: Radical Critiques of Neoliberalism (reference)

  • Neorealism and Neoliberalism (reference)

  • Politics after Neoliberalism : Reregulation in Mexico (reference)

  • Profit Over People: Neoliberalism & Global Order (reference)

  • The Other Side of the Popular: Neoliberalism and Subalternity in Latin America (reference)

    (more book examples)

Source: compiled by the editor from various references; see credits.

Top     

Non-Fiction Usage: Neoliberalism

SubjectTopicQuote

Worker Rights

Indonesia

On June 8, individuals allegedly belonging to an Islamic organization ransacked the Asia Pacific Labor Solidarity Conference on Neoliberalism at Sawangan, Depok, West Java and reportedly injured some of the Indonesian participants. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

Top     

Frequency of Internet Keywords: Neoliberalism

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.
 
ExpressionFrequency
per Day

neoliberalism

34
Source: compiled by the editor from various references; see credits.

Top     

Modern Translations: Neoliberalism

Language Translations for "neoliberalism"; alternative meanings/domain in parentheses.

German

  

Neoliberalismus. (various references)

   

Pig Latin

  

eoliberalismnay.(various references)

Source: compiled by the editor from various translation references.

Top     

Derivations: Neoliberalism

Derivations

Words beginning with "neoliberalism": neoliberalisms. (additional references)

Source: compiled by the editor, based on several corpora (additional references).

Top     

Anagrams: Neoliberalism

Scrabble® Enable2K-Verified Anagrams

Words within the letters "a-b-e-e-i-i-l-l-m-n-o-r-s"

-2 letters: millenaries, neoliberals.

-3 letters: bromelains, liberalise, liberalism, mineralise, neoliberal, neorealism, rebellions.

-4 letters: airmobile, alimonies, almonries, baseliner, binomials, bonemeals, bromelain, bromelins, linearise, lobelines, marbleise, milliares, millibars, milliners, misenroll, miserable, normalise, ramillies, rebellion, reliables.

-5 letters: ailerons, airlines, albinism, alieners, alienism, alienors, almoners, amberies, bailsmen, ballsier, baronies, baseline, berlines, bilinear, billions, bimensal, binaries, binomial, biramose, boiserie, bonemeal, brailles, brasilin, brionies, brollies, bromelin, bromines, earlobes, eloiners, embolies, embroils, emersion, enablers, erosible, isolable, labelers, laminose, libelers, liberals, lienable, lineable, lioniser, lobelias, lobeline, lonelier, manilles, marlines, measlier, milliare, millibar, milliers, milliner, millines, millions, mineable, minerals, minibars, minilabs, misenrol, mislabel, mislabor, mislearn, mobilise, moraines, moralise, morbilli, morelles, nombrils, ramilies, ramillie, relabels, reliable, rinsable, rinsible, romaines, romanise, seaborne, searobin, semolina, smellier, solemner.

 Words containing the letters "a-b-e-e-i-i-l-l-m-n-o-r-s"
 

+1 letter: neoliberalisms.

Source: compiled by the editor from various references; see credits.

SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.

Top     

Alternative Orthography: Neoliberalism


Hexadecimal (or equivalents, 770AD-1900s) (references)

4E 65 6F 6C 69 62 65 72 61 6C 69 73 6D

Leonardo da Vinci (1452-1519; backwards) (references)

American Sign Language (origins from 1620-1817 in Italy and, especially, France) (references)

=

Semaphore (1791, in France) (references)

Braille (1829, in France) (references)

Morse Code (1836) (references)

-.    .    ---    .-..    ..    -...    .    .-.    .-    .-..    ..    ...    --

Dancing Men (Sir Arthur Conan Doyle, 1903) (references)

Binary Code (1918-1938, probably earlier) (references)

01001110 01100101 01101111 01101100 01101001 01100010 01100101 01110010 01100001 01101100 01101001 01110011 01101101

HTML Code (1990) (references)

&#78 &#101 &#111 &#108 &#105 &#98 &#101 &#114 &#97 &#108 &#105 &#115 &#109

ISO 10646 (1991-1993) (references)

004E 0065 006F 006C 0069 0062 0065 0072 0061 006C 0069 0073 006D

British Sign Language (Fingerspelling, BSL; 1992, British Deaf Association Dictionary of British Sign Language) (references)

Encryption (beginner's substitution cypher): (references)

48718178756871846778758579

Top     

 

INDEX

1. Definition
2. Crosswords
3. Usage: Commercial
4. Quotations: Non-fiction
5. Expressions: Internet
6. Translations: Modern
7. Derivations
8. Anagrams
9. Orthography
10. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.