Neo liberalism
Neo liberalism is a new type of economy concept
which major developed economies following since 1970s.it is also related to
financialism
Neo means new ,so neo liberalism is a new type of
liberalism. Neo liberalism is a term
which uses and definition have changed over time.
Neo liberalism advocates extensive liberalisation, policies
of privatisation fiscal austerity
,deregulation, free trade and reduction in government spending in order to enhance the role of the private sector in the
economy . some expert see it root of financialism and the financial crisis of
2007-2008 one of the ultimate result.
Neo liberalism was originally as economic philosophy
aroused in European liberal scholars in 1930s . Neoliberalism advocates market
economy instead of social market economy
# Economy
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