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Neoliberalism - Meaning, Definition & English Examples

Neoliberalism is an economic ideology that promotes free markets, limited government intervention, and privatization. It emphasizes individual responsibility and global trade, often influencing policies worldwide.

neoliberalism

/ˌniːoʊˈlɪbərəlɪzəm/ /ˌniːəʊˈlɪbərəlɪzəm/

Definition:

A political ideology favoring free-market capitalism, deregulation, and reduced government spending.

Synonyms:

market liberalism, economic liberalism, laissez-faire capitalism

Part of Speech:

noun

Antonyms:

socialism, protectionism

Common Collocations:

neoliberal policies, neoliberal reforms, neoliberal agenda, global neoliberalism

Derivatives:

neoliberal, neoliberally

Usage Tips:

Use "neoliberalism" to describe economic policies emphasizing privatization and free trade; avoid conflating it with general liberalism.

Common Phrases:

rise of neoliberalism, critique of neoliberalism, neoliberal globalization

Etymology:

Derived from "neo-" (new) + "liberalism," referring to a revival of classical liberal economic principles in the late 20th century.

Examples:

  • 1. Neoliberalism promotes privatization and deregulation in economies worldwide.
  • 2. Critics argue neoliberalism increases inequality by favoring corporations over workers.
  • 3. Many governments adopted neoliberal policies in the 1980s and 1990s.
  • 4. Neoliberalism emphasizes individual responsibility over state welfare programs.

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