Question: Who Benefits From Neo-Liberal Globalisation?
Answer: Neo-liberal globalisation represents the materialisation of ‘Neo-liberalism’, a collection of economic policies developed during the last twenty-five years, which rely on a set of simplistic assumptions about human behaviour. In practice, neo-liberal policies bear grave social and ecological consequences, undermine democratic principles, and ensure the rich become richer while the poor become poorer. Ultimately, nobody benefits from the creation of a dichotomous world. Consequently, despite its competitive focus, the neo-liberal system produces no winners.
Neo-liberalism originated as a new form of liberalism, a theory prominent throughout the late 19th and early 20th centuries. Liberal theorists championed free trade, free competition, the elimination of government intervention in economic affairs, and individual liberty....(short extract)
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- Subject: Economics
- Course: Economics
- Level: Degree
- Year: 2nd/3rd
- Mark: 67%
- Words: 2089
- Date submitted: March 28, 2009
- Date written: Not available
- References: No
- Document type: Essay*
- Essay ID: 1119
