PL EN


2011 | 2 | 78-106
Article title

Shcho take neoliberalism u konteksti novoi “ekonomiks”

Title variants
EN
WHAT IS NEO-LIBERALISM IN THE CONTEXT OF MODERN “ECONOMICS” AND ECONOMY
Languages of publication
UK
Abstracts
EN
The article is devoted to the research of theory and practice of neo-liberalism that was the answer to the delay of rates of economic growth in the capitalist world in the beginning of the 1970’s. The returning of the USA and other Western states to laissez faire has been caused by their failure to solve acute social and economic problems in their countries by means of Keynesian economies. Transition to neo-liberalism has caused the consolidation of neo-liberal market fundamentalism in the Western countries and the imposing of principles of laissez faire to the countries of “the third world” and with “transitive economy” which have been compelled to modify their economies according to the imperative requirements of “Washington consensus” and “post-Washington consensus”. World Bank, International Monetary Fund and World Trade Organization have been involved in introduction of these requirements which have led to the unprecedented expansion of gap between the rich and poor countries, and also between rich and poor both in the countries of the global South, and in the countries of the global North. The analysis of economic development in the modern world shows that these instructions, imposed to all world, especially to former colonial and socialist countries, not only have not led to the improvement of economic situation in the world, but also promoted the drawing of the majority of countries into the first global financial and economic crisis that testifies for a necessity to change the existing paradigm of social and economic development.
Contributors
  • Institute of Sociology, NAS of Ukraine; address: vul. Shovkovychna 12, Kyiv, 01021, Ukraine
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-12c876cc-5cbe-49cf-b352-83821afd3530
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