Meaning and Definition of Neoliberalism | Concept and What is.

What is Neoliberalism?

Neoliberalism, or also known as institutionalism or neo-liberal model, is a term that is defined as the political theory which aims to achieve maximum reduction of the intervention of the State. It is associated with the free market and capitalism, in economic terms.

The term is very general and some specific; Therefore it is very badly used and rare times understood. In Latin America, for example, left groups use the term as White's criticism of globalization, capitalism and the free market, even for purposes of environmental criticism, without clearly specifying what they understand by the neo-liberal model, thing as the wide range of modes that may be will see given necessary.

The neoliberal model is a political movement that finds its origin in the 1980s, as a result of problems with other models; economists such as Milton Friedman, Friedrich Hayek, Ludwig von Mises and Carl Menger laid the theoretical basis for the implementation of the new proposal. Among adherents to the new consensus, there are differences in the shape and the depth that apply the model, that is that it is neo-liberal term today is extremely broad. For example a series of measures taken during the 1990s by the United States is grouped them by calling the "Washington consensus", which rescued some aspects of neoliberalism, as the reduction in the intervention of the State in economic matters, but who continue to support the operation of a State developed in other areas.

From another point of view, neo-liberalism as a movement that arises as a liberal response to the realism can be understood. Even when it arises as a response to certain aspects opposed to realism, both movements share the idea that the different Nations Act by self-interest, however, oppose the pessimistic look that the realists around the impossibility of mutual cooperation between the different countries of the world, considering, for its part, that Nations can participate United by a same causein order to obtain better results in relation to their objectives and interests.

Within the ideas basis of neo-liberalism is the emphasis in the economic development of Nations, achieving maximum national production growth. All of this arises in order to achieve successfully meet both economic and social conflicts. Economic development of neoliberalism is achieved through a dynamic market in which there is a strong activity by the private sector and in which the present Government acts as a minimum subsidiary body, and not as an actor playing the role of control, in other words, will be effective a Government that position from the minimum fallback.

Supporters of the neo-liberal movement proposed that international cooperation is an excellent way for effective conflict resolution which, in addition, you can count on the support and assistance of international organizations such as the UN. Also considers that through mutual cooperation, work long term may be more positive that focus on individual achievements in the short term.

Translated for educational purposes.