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6. What crisis is neoliberalism associated with?
- The 1980s financial crisis on developing countries burdened by aid debt
- The Great Depression
- WW2
7. Who said that the state is negative, but neoliberalism prevents rent-seeking?
- Sen (2001)
- Harvey (2009)
- Smith (1776)
- Micklethwait & Wooldridge (2015)
8. How has neoliberalism been imposed on developing countries?
- Through the political influence that was gained during the second world war
- Financial support was offered for adopting neoliberal policy conveniently when developing countries where burdened with aid debt.
- through Imperialism & colonialism
9. Who belived that free market + free trade = individual freedom?
- Chang (2014)
- Harvey (2009)
- Sen (2001)
10. Structural Adjustment Programmes (SAP) policies such as the washington consensus include what?
- Investment in health and education, secure property rights and privatisation.
- Investment in industry and agriculture, limited property rights and deprivatisation?
- Investment in trade mechanisms, high tax rates and transparency
11. Does neoliberalism support state interference?
- No, reduced state interference is the best way. 'Laissez Faire'
- Yes, the state must heavily influence all aspects of the economy.
12. Who's 'laissez faire' and 'invisible hand' ideology does neoliberalism hold?
- Adam Smith (1776) - Classical Economics
- Rodney (1981)
- Sen (2001)
- Keynes (1936) - Keynesian Economics
13. Who said that free market policy encouraged economic freedom, which creates individual freedom?
- Harvey (2009)
- Sen (2001)
- Micklethwait & Wooldridge (2015)
- Elson (1995)
14. The IMF, US GOV, World Bank, EU and what else, are mechanisms of neoliberalism?
- The World Trade Organisation (WTO)
- The OECD
- Nato
15. Who are good representations of original neoliberal leaders?
- Thatcher, Xiaoping, Reagan
- Trump, Corbyn, Cameron
- Lenin, Morgan, Bush
16. What did Sen (2001) say in favour of neoliberalism?
- That when the market is restricted, this reduces freedom of individuals
- That privatisation is a good characteristic of development
- Good Governance is crucial to assist developing countries with growth.
17. Who said that the market creates competition, so leave it alone? when characterising classical economics?
- Keynes (1936)
- Chang (2014)
- Sen (2001)
- Harvey (2009)