Neoliberal Development

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What crisis is neoliberalism associated with?
The 1980s financial crisis on developing countries burdened by aid debt
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What are it's key characteristics?
Deregulation, Privatisation and Tax Reduction
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Does neoliberalism support state interference?
No, reduced state interference is the best way. 'Laissez Faire'
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Who are good representations of original neoliberal leaders?
Thatcher, Xiaoping, Reagan
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Does neoliberalism adopt the comparative advantage stance when regarding developing countries and production?
Yes
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The IMF, US GOV, World Bank, EU and what else, are mechanisms of neoliberalism?
The World Trade Organisation (WTO)
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Structural Adjustment Programmes (SAP) policies such as the washington consensus include what?
Investment in health and education, secure property rights and privatisation.
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Who belived that free market + free trade = individual freedom?
Harvey (2009)
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Who said that free market policy encouraged economic freedom, which creates individual freedom?
Micklethwait & Wooldridge (2015)
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Who's 'laissez faire' and 'invisible hand' ideology does neoliberalism hold?
Adam Smith (1776) - Classical Economics
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Who said that the state is negative, but neoliberalism prevents rent-seeking?
Harvey (2009)
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Who said that neoliberalism does not exist because capitalism creates a monopolistic market?
Wallerstein (2015)
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Who said that Structural Adjustment Programmes negatively impact women because they create exclusion
Elson, (1995)
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Who said that the market creates competition, so leave it alone? when characterising classical economics?
Chang (2014)
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How has neoliberalism been imposed on developing countries?
Financial support was offered for adopting neoliberal policy conveniently when developing countries where burdened with aid debt.
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Harvey (2010) said that whom found the 2007 neoliberal financial crash inevitable?
Marxists
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What did Sen (2001) say in favour of neoliberalism?
That when the market is restricted, this reduces freedom of individuals
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Other cards in this set

Card 2

Front

What are it's key characteristics?

Back

Deregulation, Privatisation and Tax Reduction

Card 3

Front

Does neoliberalism support state interference?

Back

Preview of the front of card 3

Card 4

Front

Who are good representations of original neoliberal leaders?

Back

Preview of the front of card 4

Card 5

Front

Does neoliberalism adopt the comparative advantage stance when regarding developing countries and production?

Back

Preview of the front of card 5
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