International Economics
Neoliberalism is an economic and political ideology that promotes free-market capitalism, deregulation, and a reduction in government spending in favor of privatization and individual entrepreneurship. This approach advocates for the idea that economic growth is best achieved when the market operates with minimal intervention from the state, thereby encouraging competition and efficiency. Neoliberalism has significantly shaped global trade policies and influenced the behavior of various interest groups that advocate for trade liberalization and reduced barriers to international commerce.
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