a term for the loans provided by the IMF and the World Bank to countries that experienced economic crises, which come with strings attached: privatisation and deregulation, mainly (the conditions are also known as the Washington Consensus)
By the mid 1990s, with the collapse of the USSR, neoliberalism’s extension via IMF structural adjustment policies, its consolidation in the UK’s New Labour and Clinton’s US administration, and its ubiquity in the academic field of economics, neoliberalism had reached its hegemonic peak.
notable
6 years, 8 months ago