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Neoliberalism.pptx
1. Neoliberalism
Neoliberalism is an economic and political philosophy that
emerged in the mid-20th century. It is often associated with
free-market capitalism and a focus on limited government
intervention in the economy.
2. Key features of neoliberalism include:
1.Free Markets: Neoliberalism emphasizes the importance of free markets as the
most efficient allocators of resources. The idea is that when individuals and
businesses are free to pursue their self-interest in the marketplace, it leads to overall
economic growth and prosperity.
2.Limited Government Intervention: Neoliberalism advocates for minimal
government interference in economic affairs. This means reducing regulations,
privatizing state-owned enterprises, and allowing market forces to determine prices
and distribution.
3. 3. Individual Liberty: Neoliberalism values individual freedoms and liberties. It sees
the protection of individual rights as a crucial aspect of a well-functioning society.
4. Deregulation: Neoliberal policies often involve reducing or eliminating
regulations that might hinder business activities. The belief is that a more deregulated
environment fosters innovation and economic growth.
5. Globalization: Neoliberalism encourages the liberalization of international trade
and the free flow of capital across borders. Proponents argue that globalization leads
to increased economic efficiency and can benefit all participating nations.
4. 6. Emphasis on Competition: Neoliberalism promotes competition as a mechanism
for improving efficiency and innovation. The idea is that competition in the
marketplace encourages businesses to improve their products and services.
Critics of neoliberalism argue that it can lead to income inequality, the erosion of
social safety nets, and environmental degradation. They contend that an
overemphasis on market forces may neglect social and environmental concerns.
5. It's important to note that the term "neoliberalism" is used in various
ways, and its meaning can differ in different contexts. The term has
been applied to a range of policies and ideas, and its interpretation
can vary depending on the perspective of the person using it.