Question

What is neo-liberalism in terms of globalization?

Answer 1

It is a policy model which focus on the transfers control of economic factors to the private sector from the public sector .The main sectors of the change in this model are a limit on various subsidies, reform in tax law , reduce deficit spending, limit protectionism, and open markets up to trade.If we talk about the economic liberalism it supports maximising the economic freedom for individuals and thus reducing the amount of state intervention to the bare minimum.In terms of globalisation the neoliberalism model acts as a main driver of globalisation and that globalisation itself can be seen as both the effect of, and the move towards, global neoliberalism because the same model if implemented can improve the world trade etc by elimination the imposed restrictions on transnational movements of goods, capital and people .