Neo-liberal Policies

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  • Created by: chend96
  • Created on: 22-04-14 12:39
What are the 6 policies of neo-liberals?
Privatisation, removal of parastatal institutions, cutting public spending, cutting taxes, free trade and integration in globl economy
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What does privatisation involve?
industries which were previously led and owned by govenments which are sold to private companies
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Give three examples of this?
water, telcommunications and electricity
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What does removal or parastatal instituions involve?
Marketing boards by which governments regulate pricing, production and distribution of products
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What does cutting state spending involve?
Less spending on welfare, so that the state are seen less important than the economy
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What does cutting taxes involve?
Allowing indiivduals to spend their money, rather than the government spening a large share of it
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What does free trade involve?
Removal of restrictions and tariffs to allow for imports and exports
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Whats the final point?
Integration into the global economy
8 of 8

Other cards in this set

Card 2

Front

What does privatisation involve?

Back

industries which were previously led and owned by govenments which are sold to private companies

Card 3

Front

Give three examples of this?

Back

Preview of the front of card 3

Card 4

Front

What does removal or parastatal instituions involve?

Back

Preview of the front of card 4

Card 5

Front

What does cutting state spending involve?

Back

Preview of the front of card 5
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