Neoliberalism

The present thesis, is aimed to analyze the social behavior of transnational corporations during the economic crisis of late 2000s. While the growth of world´s GDP was negative in 2009 (-2.1%) and many corporations experienced cuts in employment, limited access to credit, and reductions in capital and technological spending (Campello et al., 2010: 1), the social investment of many firms followed a counter-intuitive move by increasing their social contributions in more than 228%. Between 2004…

Tigers. Within the same time period, other regional currencies depreciated much more. The Indonesian depreciated 70%, Philippine peso suffered a 35% hit, and the Thai baht fell 80%. (Kee Jin, 2001). The Singapore dollar’s sharp appreciation against regional currencies results in the fact that Singapore’s “nominal and real effective exchange rates was relatively stable both before and during the crisis” (Kee Jin, 2001). So, what did Singapore do differently? As a country with a small open…

Exchange Liberalization and neo-liberal oddities The hazardous way of this demonstrating, and its distortionary consequences for information, can be exemplified by deconstructing the "rationale" of general resistance to state mediation in the market which hypothetically supports the Washington Consensus. The previously mentioned "rationale" has been exemplified by neoliberal contentions against the control of worldwide exchange. The neoliberal contention is that at last facilitated commerce…

Neoliberalism is a set of national and international policies that requires corporate and business domination of all social affairs and little societal opposition. It is almost always intertwined with a deep belief in the ability of markets to use new technologies to solve social problems far better than any alternative course. Neoliberalism had promised individual freedom guaranteed by the freedom of the market and out…

How has neoliberalism influenced political and social development in the US as compared to Canada? The article by Siddiqi et al.1 more than describing the influence of neoliberalism as a social phenomena in US and Canada provides information on how both societies reacted differently to that. Neoliberalism prompted “similar” policies and socioeconomic inequalities in US and Canada with the same potential to harm social bonds and health. However, Canada showed a different reaction to that…

wage inequality and rising poverty among certain groups. Neoliberal policy, however, positively benefit the traditional dominant players in Israeli society, non-Haredi Jews, as well as non-traditional players, such as Arab women. The advent of neoliberalism…

well as Britain, turning to neoliberalism in hopes of changing the economy’s current condition (Harvey). While neoliberalism is interpreted by Harvey as, “a political project to re-establish the conditions for capital accumulation and to restore power to the economic elites”, which is exactly what neoliberalism does, advocates for neoliberalism were focusing on the idea of freedom to get many Americans to believe that this was the way to go. Not only this, but neoliberalism proposed the…

Basic principles of neoliberalism include the deregulation of the state, in which this trickles down to the cutting of services for society's welfare, including the cutback of the police, healthcare and economic opportunities. During the 1930’s, massive civil social unrest outbreak, in response to the American depression, which triggered a global economic catastrophe. These forms of resistance continued to grow within Latin America, however started to receive backpack from a global power. In…

Impact of neoliberalism on Australian education Neoliberalist attitudes have meant public and private institutions in Australia compete for students now more than ever. There has been a deliberate shift towards corporate branding and clever marketing campaigns, as well as promoting performance results to attract enrolments (Meadmore * & Meadmore, 2004, p. 375). Tactics more readily expected from a corporation. The division of state and private education in Australia, highlighted in 2003, when…

Reagan’s 1981 inaugural address, he infamously said that "government is not the solution to our problems; government is the problem.” Within that one statement, Reagan presented an increasingly popular ideology based on the foundations of neoliberalism. Neoliberalism is a free market economic philosophy based on the idea that an economy is a self-regulating entity that always balances out and a government is inefficient and costly. Neoliberals support the deregulation of markets and industries,…