Back to quiz

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)