Neoliberalism essay

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The essay must be well organized and structured coherently, with an introduction (Links to an external site.)Links to an external site., clear thesis statement (Links to an external site.)Links to an external site., well-organized body points, and a conclusion (Links to an external site.)Links to an external site.. As part of your essay, you must:

Essay Minimum Requirements:

The book is In Globalization: A Very Short Introduction. Oxford, England: OUP Oxford.

My assigned chapter is Chapter 3 : The economic dimension of globalization

My concept is: Neoliberalism

I have my work attached.

Please fix my thesis statement.

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1 Summary: The concept of neoliberalism stated in chapter 3 of the book was developed by the ideals of the two 17th century classics liberals Adam Smith and David Ricardo. Both of them viewed capitalism free market and free trade for individuals. “Neo” meant like a new type of liberalism that involves politics and economy. Neoliberalism is a term for an ideology that is based on political and economic free market and absolute capitalism and the government can’t interfere in the privet sector business. Complete Neoliberalism principles that are presented in the book are very straight forward; the privatization of public enterprises, deregulation of the economy, liberalization of trade and industry, massive tax cuts, strict control on organized labor, reduction of public expenditures, and the downsizing of the government (Steger, 2013, p.41). The IMF and the World Bank chose Argentina as the perfect model for using neoliberalism. Argentina celebrated low unemployment rates and a stable currency compared to the dollar. As soon as Argentina felt that neoliberalism was not needed the economy collapsed and they were broke. In conclusion, neoliberalism promotes the idea of capitalism and the privet sector controls the government. After reading the assigned chapter, I found that the concept of neoliberalism interesting. If this concept gets applied in the real world, individuals will not suffer from losing their business from excessive tax cuts, free trade, and internationalization of trade for all individuals. Nevertheless, there are cons to neoliberalism. For example, one of the cons is monopoly. Monopoly can affect the small private sector business. Inequality is also a very known con, neoliberal polices tend to increase inequality. 2 Annotated Bibliography: Dunn, B. (2016). Against neoliberalism as a concept. Capital & Class, 41(3), 435-454. doi:10.1177/0309816816678583 The research article “Against neoliberalism as a concept” presented in Sage Journals by Bill Dunn addresses how neoliberalism is a slippery concept, not precise and nor political useful, and vague. The author Bill Dunn works in the department of political economy at the University of Sydney. This information will be useful to disagree with the author of the textbook. The article was published on 2016, the article was peer reviewed by scholars and researchers before publishing in the journal. The Sage Journal is a world class journal that publish and offer research articles that are useful in all kinds of subjects, this shows that the source credible. The intended audience are entrepreneurs, businessmen, and economical institutions. The purpose of the article is to persuade the audience against neoliberalism. Hilgers, M. (2013). Embodying neoliberalism: thoughts and responses to critics. Social Anthropology, 21(1), 75-89. doi:10.1111/1469-8676.12010 The author Mathieu Hilgers presents the article “Embodying neoliberalism: thoughts and responses to critics.” The article talks about how neoliberalism helps the society to grow faster and develop for the better. The article agrees with the authors point of view on neoliberalism. Mathieu Hilgers has written over 10 articles. The article was published on 2013. The article was published in the Wiley Online Library. The source has researches, librarians, societies, and authors. That shows that the source is credible. The indented audience are entrepreneurs, businessmen, and economists. The purpose of the article is to persuade the audience to support neoliberalism. 3 Steger, M. (2013). The economic dimension of globalization. In Globalization: A Very Short Introduction. Oxford, England: OUP Oxford. From the book Steger explains how globalization is not a new phenomenon and existed before from human early migration. The author approaches in the book the economical, political, cultural, and ecological sides of globalization. Manfred Steger is a professor at the University of Hawaii and has PhD in political theory and comparative politics. The information in the book from chapter three will be useful for my writing assignment. The book was published in 2003. The intended audience are entrepreneurs, economists, and businessmen. The purpose of the book is to persuade the audience to see globalization from another perspective. Thesis statement: Governments should address the importance of neoliberalism to the public to show the massive effect that it can apply to our current society and be careful about its setbacks and difficulties. 4 Works Cited Dunn, B. (2016). Against neoliberalism as a concept. Capital & Class, 41(3), 435-454. doi:10.1177/0309816816678583 Hilgers, M. (2013). Embodying neoliberalism: thoughts and responses to critics. Social Anthropology, 21(1), 75-89. doi:10.1111/1469-8676.12010 Steger, M. (2013). The economic dimension of globalization. In Globalization: A Very Short Introduction. Oxford, England: OUP Oxford. 1 Summary: The concept of neoliberalism stated in chapter 3 of the book was developed by the ideals of the two 17th century classics liberals Adam Smith and David Ricardo. Both of them viewed capitalism free market and free trade for individuals. “Neo” meant like a new type of liberalism that involves politics and economy. Neoliberalism is a term for an ideology that is based on political and economic free market and absolute capitalism and the government can’t interfere in the privet sector business. Complete Neoliberalism principles that are presented in the book are very straight forward; the privatization of public enterprises, deregulation of the economy, liberalization of trade and industry, massive tax cuts, strict control on organized labor, reduction of public expenditures, and the downsizing of the government (Steger, 2013, p.41). The IMF and the World Bank chose Argentina as the perfect model for using neoliberalism. Argentina celebrated low unemployment rates and a stable currency compared to the dollar. As soon as Argentina felt that neoliberalism was not needed the economy collapsed and they were broke. In conclusion, neoliberalism promotes the idea of capitalism and the privet sector controls the government. After reading the assigned chapter, I found that the concept of neoliberalism interesting. If this concept gets applied in the real world, individuals will not suffer from losing their business from excessive tax cuts, free trade, and internationalization of trade for all individuals. Nevertheless, there are cons to neoliberalism. For example, one of the cons is monopoly. Monopoly can affect the small private sector business. Inequality is also a very known con, neoliberal polices tend to increase inequality. 2 Annotated Bibliography: • Source that disagrees with the concept Dunn, B. (2016). Against neoliberalism as a concept. Capital & Class, 41(3), 435-454. doi:10.1177/0309816816678583 The research article “Against neoliberalism as a concept” presented in Sage Journals by Bill Dunn addresses how neoliberalism is a slippery concept, not precise and nor political useful, and vague. The author Bill Dunn works in the department of political economy at the University of Sydney. This information will be useful to disagree with the author of the textbook. The article was published on 2016, the article was peer reviewed by scholars and researchers before publishing in the journal. The Sage Journal is a world class journal that publish and offer research articles that are useful in all kinds of subjects, this shows that the source credible. The intended audience are entrepreneurs, businessmen, and economical institutions. The purpose of the article is to persuade the audience against neoliberalism. • Source that agrees to the concept Hilgers, M. (2013). Embodying neoliberalism: thoughts and responses to critics. Social Anthropology, 21(1), 75-89. doi:10.1111/1469-8676.12010 The author Mathieu Hilgers presents the article “Embodying neoliberalism: thoughts and responses to critics.” The article talks about how neoliberalism helps the society to grow faster and develop for the better. The article agrees with the authors point of view on neoliberalism. Mathieu Hilgers has written over 10 articles. The article was published on 2013. The article was published in the Wiley Online Library. The source has researches, librarians, societies, and authors. That shows that the source is credible. The indented audience are entrepreneurs, 3 businessmen, and economists. The purpose of the article is to persuade the audience to support neoliberalism. Steger, M. (2013). The economic dimension of globalization. In Globalization: A Very Short Introduction. Oxford, England: OUP Oxford. From the book Steger explains how globalization is not a new phenomenon and existed before from human early migration. The author approaches in the book the economical, political, cultural, and ecological sides of globalization. Manfred Steger is a professor at the University of Hawaii and has PhD in political theory and comparative politics. The information in the book from chapter three will be useful for my writing assignment. The book was published in 2003. The intended audience are entrepreneurs, economists, and businessmen. The purpose of the book is to persuade the audience to see globalization from another perspective. Thesis statement: Governments should address the importance of neoliberalism to the public to show the massive effect that it can apply to our current society and be careful about its setbacks and difficulties. 4 Works Cited Dunn, B. (2016). Against neoliberalism as a concept. Capital & Class, 41(3), 435-454. doi:10.1177/0309816816678583 Hilgers, M. (2013). Embodying neoliberalism: thoughts and responses to critics. Social Anthropology, 21(1), 75-89. doi:10.1111/1469-8676.12010 Steger, M. (2013). The economic dimension of globalization. In Globalization: A Very Short Introduction. Oxford, England: OUP Oxford. ...
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Attached.

Running head: NEOLIBERALISM

1

Neoliberalism
Name
Instructor
Course
Date

NEOLIBERALISM

2

Introduction
Among the concepts discussed in this book, chapter 3 that explains neoliberalism has
captured my interest. Neoliberalism began in the 17th century but has become popular in the last
25 years. Neoliberalism is a set of economic policies that requires the government to play an
inactive role in monitoring business operations. Adam Smith in collaboration with other Scottish
economist published a book “the wealth of nations” that advocates for the abolishment of
government in economic issues and this would stimulate the growth of the economy.
Neoliberalism marks a new business environment where natural resources are utilized effectively
and efficiently to attain economic growth. The government is required ...

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