POLSCI 3B03 Lecture Notes - Richard Stubbs, Neoliberalism, Crony Capitalism
11 Nov 2013
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Document Summary
Some analysts see globalization as intimately tied to the spread of neo-liberalism. Neo-realists tend to focus on national security issues and the importance of physical security. They emphasize relative gains and capabilities in determining threat. They doubt the value of international organizations in mitigating anarchy and conflict. Neo-liberals by contrast focus on the political economy and economic relations. They highlight the significance of absolute gains and look at intentions in determining threat. They see international institutions as valuable in alleviating international anarchy and lessening conflict. Neo-liberalism came to the fore in the uk under pm thatcher and in the us under president reagan. It was ushered in because keynesianism was viewed as having failed with the onset of stagflation in the. The stress was places on deregulation, liberalization and privatization. Different forms of neo-liberalism are said to exist. These are set out in andrew gamble"s article.
