Consequences of Neoliberalism. Economic Consequences of Neoliberalism - Essay Example

Comments (1) Cite this document
Neoliberalism refers to a market-driven approach to the policy making process for running economy and society. Neoliberalism supports maximum role of the private sector in determining the dimensions of the political and economic policies and priorities of a country…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Consequences of Neoliberalism. Economic Consequences of Neoliberalism
Read TextPreview

Extract of sample
"Consequences of Neoliberalism. Economic Consequences of Neoliberalism"

Download file to see previous pages Neoliberalism supports maximum role of the private sector in determining the dimensions of the political and economic policies and priorities of a country (Klak, 1998, p76). Neoliberalism stresses upon the shift of control from the public to the private sector because it is based upon the belief that the greater involvement of public sector will allow efficient government and eventually the overall economic condition will also be improved by giving more control to the private sector. Neoliberalism proposes some crucial principles and policy proposals for transforming the traditional economic system (Touraine, 2001, p11). Neoliberal approach asserts that deficits should be avoided and used only for occasional stabilization purpose because large deficits little effect upon the employment level of the country whereas constant deficits generate high inflation and lower productivity. Similarly, this approach also demands transformation in the taxation system, floating exchange rate, redirection of public spending towards infrastructure development, education and healthcare etc. Privatization of the state enterprises is an important proposition of neoliberal approach because it is demonstrated by the neoliberal theorists that privatization will promote competition and increase the choices available to the people in several sectors like banking and telecommunication etc. Trade liberalization is proposed by suspending the regulations that act as barrier in market entry and restrict competition in the sector. These basic principles draw some very important and transformational impacts upon the societies and economies and after the implementation of neoliberal policies the world community has experiences some significant and critical impacts of this approach within their political and social system. The global spread of neoliberalism indicates its wide acceptance and popularity across the world however, despite this approbation there is consistent increase in the questions raised against neoliberal policies and the claimed benefits of this ideology have also frequently been challenged. There is mixed support for the neoliberal policies among the developed nations of the world and their economies and societies also reflect its benefits whereas the developing countries are not as open towards the neoliberalism as developed ones. The neoliberal policies are often challenged and questioned at global level. It is widely argues that neoliberalism has brought several positive and negative consequences to the economic, political and social systems of the countries. These consequences differ from country to country depending upon the level of enactment of the neoliberal policies. The consequences of neoliberalism could be examines from social, political and economic point of views because the systems of different countries have been responded towards neoliberal policies in distinct manner (Chomsky, 1999, p32). In the modern economic system the neoliberal policies are often challenged by the new institutional economics and evolving concepts of economies of information, risk and uncertainty. In developed countries like U.S and U.K. neoliberalism is often blamed for damaging the social safety nets whereas the developing nations including some African countries complain that adopting neoliberalism policies provide little benefit to their economies and there is inclusive or significant contribution made by these policies to the economic, social and political growth of these countries. In fact, it is also claimed that neoliberal policies have negatively affected the development policies and growth process initiated before the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Consequences of Neoliberalism. Economic Consequences of Neoliberalism Essay”, n.d.)
Retrieved from https://studentshare.org/history/1393343-what-have-been-some-of-the-political-and-cultural
(Consequences of Neoliberalism. Economic Consequences of Neoliberalism Essay)
“Consequences of Neoliberalism. Economic Consequences of Neoliberalism Essay”, n.d. https://studentshare.org/history/1393343-what-have-been-some-of-the-political-and-cultural.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
larsongideon added comment 4 months ago
Student rated this paper as
This essay saved me today. I liked the structure. It was very useful for my history course.
Does globalisation explain the crisis in European Welfare states
In the post war Europe, the state assumed the central role meeting the needs of the society from cradle to tomb, including health and employment. The European welfare state model is much praised sametime criticised from round the corners. But, the nature of welfare state changes from country to country.
10 Pages(2500 words)Essay
Has neoliberalism impacted men and women differently
While both these essentially consolidate a nuanced approach towards understanding neoliberalism and its impact upon gendered subjectivities the other side, the economical aspect, has also been crucial in exposing the global asymmetries and the local realities that determine the gendered implications of this neoliberal paradigms across the world.
10 Pages(2500 words)Essay
57). The exercise of human rights and its enforcement is enshrined in the national and international laws. They are then mobilized by several social actors and form highly political matters. An interesting aspect of these laws with regard to most countries is the fact that the rights of the citizens as usually selectively applied or are enforced depending on the entire range of the political urgency of maintaining power.
3 Pages(750 words)Essay
The Impact of Globalization, Deregulation and Neoliberalism on Media Diversity and Public Service Broadcasting
According to the paper capitalists played a crucial or critical role as key players of globalisation. For instance, the international media companies engaged into this international integration of sophisticated businesses primarily due to the emancipation of advanced technologies employed in the media. The ability of the media to be part of globalisation, deregulation and neoliberalism allows the public to have wide access of information, and even varied point of views to strengthen their thoughts on what is happening around the world.
8 Pages(2000 words)Essay
The Comparison of Neoliberalism, Centrist Strategy and Marxist Theory
Neoliberalism refers to the assumption that government intervention is unnecessary as the market is capable of taking care of itself (Erickson et al. 264). Meanwhile, centrist strategy pertains to limited liberty to compete in the market and minimal government intervention (Samuelson 33).
4 Pages(1000 words)Essay
Is Neoliberalism in crisis today
We aim to lighten the complexity, in order for us to feel secure in our expressions about, for instance, the suitable direction of government policy, or GDP’s potential development. We would like to think that we comprehend
22 Pages(5500 words)Essay
Is Neoliberalism in crisis today
Likewise, many organizations have changed their outlook to survive in a highly competitive market. Factors like globalization and free trade have changed the way business and politics is conducted. The lack of
10 Pages(2500 words)Essay
Fundamentally, economic liberalism advocates for a conscious agenda of pursuing self interest in a market whilst within the same context makes provision for the maximization of societal and individual welfare. Fundamentally, through the efficient allocation of economic resources a society's welfare is enhanced.
2 Pages(500 words)Essay
Neoliberalism, growth and Accumulation
Further, although declining export volumes were hindering economic growth private investment was largely responsible for offering the resilience needed to uphold the
4 Pages(1000 words)Essay
Liberalism is a broad aspect; it touches aspects of politics, economics, as well as religion (Shah, 2010). The US had even embraced political liberalism in its quest to prevent social conflict. Neo refers to a new kind of liberalism. It
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Consequences of Neoliberalism. Economic Consequences of Neoliberalism for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us