ABSTRACT
The capitalist market economy has intensified the global activity of multinational enterprises on the basis of microelectronic information technologies during the period of prolonged downswing and restructuring since 1973. In accordance with this trend, neo-liberalism has become dominant since the 1980s, and emphasized the rational efficiency of the market economy by reducing the economic roles of the state, privatizing public enterprises and weakening trade unions. The systemic changes after the East European revolutions in 1989 and the dissolution of the Soviet Union in 1991 proceeded under the strong influence of such neo-liberalism, and took the American model of capitalist market economy as the de facto global standard. Mainstream neo-classical economics has served as an ideological basis for such a trend across the world.
