/ˈniːəʊˈlɪbᵊrᵊlɪzᵊm/
Timeframe: 01/01/1977 – 04/04/2049
Key Insights
- Neoliberalism is a strand of liberalism that concentrates on economic aspects. While both liberalism and neoliberalism emphasise cooperation among state and the role of international institutions, neoliberalism specifically prioritises the benefits of economic globalisation and market-oriented policies. It places a huge emphasis on mechanisms such as deregulation, privatisation, and free markets to promote economic growth and reduce conflicts among states.
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