Anchored in the principles of the free-market economics, 'neoliberalism' has been associated with such different political leaders as Ronald Reagan, Margaret Thatcher, Bill Clinton, Tony Blair, Augusto Pinochet, and Junichiro Koizumi. In its heyday during the late 1990s, neoliberalism emerged as the world's dominant economic paradigm stretching from the Anglo-American heartlands of capitalism to the former communist bloc all the way to the developing regions of the global South. At the dawn of the new century, however, neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. So is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuine new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism? Exploring the origins, core claims, and considerable variations of neoliberalism, this Very Short Introduction offers a concise and accessible introduction to one of the most debated 'isms' of our time.

Table of Contents

Preface; 1. What's 'Neo' about Liberalism?; 2. First-Wave Neoliberalism in the 1980s: Reaganomics and Thatcherism; 3. Second-Wave Neoliberalism in the 1990s: Clinton's Market Globalism and Blair's Third Way; 4. Neoliberalism and Asian Development; 5. Neoliberalism in Latin America and Africa; 6. Crises of Neoliberalism: The 2000s and Beyond; References

Reviews

This book is a timely and relevant contribution to this urgent contemporary topic. I. K. Gujral, Former Prime Minister of India