ABSTRACT
Neoliberalism is both an economic doctrine and a cultural ideology. As an economic doctrine, neoliberalism calls for the privatization of public goods and services, including education, and deregulation of government controls over markets and labor. Neoliberalism also promotes trade liberalization, the opening of national economies to foreign direct investment in ways that benefit rich nations and exploit the poor. It favors fiscal policies in rich nations designed to shift economic activity away from production and toward financialization and monetarist policy that aims for low inflation and economic growth before full employment and higher wages, to benefit investors.
