Neoliberalism

Neoliberalism refers to a political-economic philosophy that has had major implications for government policies beginning in the 1970s – and increasingly prominent since 1980 – that de-emphasizes or rejects government intervention in the economy (that complements private initiative), focusing instead on achieving progress and even social justice by encouraging free-market methods and fewer restrictions on business operations and economic development. Supporters argue that by implementing business-friendly policies, a society can assure that its businesses grow, creating jobs and other economic benefits which improve the welfare of the entire economy. This is commonly referred to as 'trickle down economics' or 'Reaganomics.' Detractors tend to think that government intervention is necessary to create an equitable society.

External links

• Brad DeLong
• World Social Forum
• Global Exchange
• The Last Development Crusade
• What is Neoliberalism?
• http://web.inter.nl.net/users/Paul.Treanor/neoliberalism.html
• "What I Learned at the World Economic Crisis", by Joseph Stiglitz
• "Neoliberalism and the creation of 'virtual democracy' in the Global South" Stefan Andréasson March, 2002
• Kurt Weyland, "The Politics of Neoliberal Reform in Latin American Democracies: Argentina, Brazil, Peru, and Venezuela," Paper for panel on Democracy and the New Market Model in Latin America XXI International Conference Latin American Studies Association Chicago, September 24-26, 1998