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neoliberal policy

neoliberal policy

1 7.0
An economic plan that favors free markets, selling government services, and fewer rules
  • noun
  • /ˌniːoʊˈlɪbərəl ˈpɑːləsi/
  • Specialized
translation icon : política neoliberal
  • In the contemporary era, neoliberal policies imposed on Haiti in the last three decades cemented the country's political and economic dependence.
  • support neoliberal policies

Examples

  • In recent decades, these organizations have often found themselves in opposition to neoliberal policies that Costa Rican governments have adopted.

    Academic text (1999)
  • In Jamaica, where stringent neoliberal policies produced the most dramatic adjustment in the economy, the decline in real wages was even steeper.

    Academic text (1998)
  • The literature on economic restructuring and the neoliberal policies that have replaced the ISI model is also substantial.

    Academic text (1999)
  • The MAS administration does not represent a return to neoliberal policies, and some recent arguments to this effect are exaggerated.

    Academic text (2012)
  • In the 1990s, however, popular support was won by blaming neoliberal policies of the past for the deepened miseries of the present.

    Academic text (1998)
  • The report explores the development from privatization to corporatization, within neoliberal policy on urban water services in developing countries.

    Blog text (32)
  • NAFTA simply consolidates an array of neoliberal policies that Mexico has implemented in adhering scrupulously to the "Washington consensus."

    Academic text (1996)
  • Haitian popular and grassroots organizations have fiercely resisted these plans and the neoliberal policies that underpin them.

    Academic text (2010)
  • Unlike Menem and Salinas, Collor was not compelled to adopt neoliberal policies by right-wing parties or business associations.

    Academic text (1998)
  • In Jamaica, strict neoliberal policies led to significant economic adjustments, including a sharp decline in real wages.

Synonyms

liberalism
vsneoliberal policy
78 5.8

A political belief that values individual freedom, equal rights, limited government, free markets, and social progress

is more specifically an economic program focused on privatization and deregulation
Reaganomics
vsneoliberal policy
  • Literature
7 8.1

Economic policies by U.S. president Ronald Reagan in the 1980s that cut taxes, reduce rules, and lower government spending

shares market focus but includes explicit privatization and wider market reforms
free market policy
vsneoliberal policy
  • Formal
1 4.1

A way of running an economy that lets businesses compete with little government control

emphasizes also privatization and deregulation besides minimal interference
Thatcherism
vsneoliberal policy
1 8.7

Ideas that favour free markets and less government control, for example selling state-owned companies

is the broader economic approach not tied to a single leader
laissez-faire economy
vsneoliberal policy
  • Specialized
7.2

An economy where businesses operate with little government control

adds active policy moves like selling public assets and cutting rules
privatism
vsneoliberal policy
9.0

A belief that public services and industries should be run by private companies

is wider, also promoting open markets and cutting regulations beyond transfers

Antonyms

17 7.0

A government policy that helps local businesses by making foreign goods more expensive or limiting imports

Government actions that change the economy to reach certain goals

How Market-Oriented

free market policy
  • Formal
1 4.1
neoliberal policy
  • Specialized
1 7.0
mixed economy
  • Specialized
2 4.1

Surface Forms

Morphology

neoliberal + policy

This is a straightforward adjective + noun composition: 'neoliberal' names an ideology of free markets and reduced state intervention, and 'policy' means a plan or course of action, so the phrase simply denotes a policy based on neoliberal principles. There is no idiomatic or metaphorical shift and the logic is cross-linguistically common, so a B1 learner who knows both constituents would readily infer the meaning.

Etymology

Neoliberal policy comes from the words neo (meaning 'new') and liberal (meaning 'free-market'), and was used in the late 20th century to describe a 'new' push for older free-market ideas. Picture governments rolling back rules and selling public services to private companies — that's why the term now means policies that favour free markets, privatization, and less government control.