Podcast
Questions and Answers
What is one of the key programmes of neoliberalism in the Global North?
What is one of the key programmes of neoliberalism in the Global North?
What is considered a major function of neoliberalism in the Global South?
What is considered a major function of neoliberalism in the Global South?
According to the literature, what might neoliberal policies in the Global South lead to for small farmers?
According to the literature, what might neoliberal policies in the Global South lead to for small farmers?
What role does the expansion of the middle class play in neoliberalism?
What role does the expansion of the middle class play in neoliberalism?
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What is a misconception about the impact of neoliberal programs on the welfare state?
What is a misconception about the impact of neoliberal programs on the welfare state?
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How do neoliberal policies in the Global South differ from earlier economic strategies?
How do neoliberal policies in the Global South differ from earlier economic strategies?
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What is a common outcome of neoliberal policies according to the provided discussion?
What is a common outcome of neoliberal policies according to the provided discussion?
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What approach did the Congress-led coalition take towards neoliberal interventions?
What approach did the Congress-led coalition take towards neoliberal interventions?
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What is the contemporary version of laissez-faire economic principles commonly known as?
What is the contemporary version of laissez-faire economic principles commonly known as?
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Which two regions are compared for their variations in neoliberalism?
Which two regions are compared for their variations in neoliberalism?
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According to Connell and Dados, where did the origins of neoliberalism begin?
According to Connell and Dados, where did the origins of neoliberalism begin?
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What major aspect is most critiqued regarding neoliberal policies in the Global North?
What major aspect is most critiqued regarding neoliberal policies in the Global North?
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Which economist is NOT associated with the neoliberal ideas that emerged post-World War II?
Which economist is NOT associated with the neoliberal ideas that emerged post-World War II?
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What is one of the consequences attributed to neoliberalism in the Global North?
What is one of the consequences attributed to neoliberalism in the Global North?
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Which political leaders are mentioned as proponents of neoliberal policies in the UK and USA?
Which political leaders are mentioned as proponents of neoliberal policies in the UK and USA?
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What critique does the existing literature on neoliberalism face according to Connell and Dados?
What critique does the existing literature on neoliberalism face according to Connell and Dados?
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Study Notes
Neoliberalism: Definitions and Variations
- Neoliberalism is a contemporary version of laissez-faire principles from the 19th century, aiming to restore capitalist power.
- Scholars disagree on its details, potentially due to variations between Global North and South policies.
- Connell and Dados (2014) argue existing literature skews towards Global North critiques from the late 1970s, overlooking earlier, South-focused economic programs (mid-1970s).
Neoliberalism in the Global North
- First approach: Sees neoliberalism as a system of ideas stemming from post-WWII right-wing economists challenging Keynesianism (Harvey, Stiglitz, Klein).
- One aspect of this approach looks at neoliberalism through the lens of governmentality which traces the origin of neoliberal idea to that period
- Second approach: Views neoliberalism as a capitalist response to crisis, expanding the system through financialization (Dumenil & Levy, Hardt & Negri, Robinson).
Neoliberalism in the Global South
- Unlike the North, neoliberal policies in the South present themselves as superior development strategies to previous models.
- Aims include:
- Acting as a development model
- Integrating economy with global/international trade
- Fostering global inclusion via ICT.
- Often focuses on: converting agriculture to agro-industrial complexes, linking with transnational corporations, and integrating into the global economy.
- Not necessarily eliminating subsidies, but potentially ending land reforms/support for small farmers, pushing them into urban informal economies.
- Some programs may include social welfare to mitigate negative impacts on the poor but aim to individualize targeting and incorporate people into market systems.
- Governments in the South often initially deflect, then frame neoliberal interventions as developmental initiatives, sometimes linking them with social welfare for the poor.
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Description
This quiz explores the complex definitions and variations of neoliberalism, focusing on its evolution and impact in both the Global North and South. It examines the differing scholarly interpretations and critiques of neoliberal policies from a historical perspective. Engage with key concepts introduced by notable economists and theorists.