TERMIUM Plus®

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NEOLIBERAL PARADIGM [1 record]

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Record 1 2004-12-13

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • National and International Economics
  • Economic Co-operation and Development
CONT

The conceptual basis of the neoliberal paradigm is to consider free market as the best mechanism for resource allocation. Hence, governmental intervention in the economy has to be reduced. Costs derived from governmental intervention (bureaucracy, corruption) are supposed to be greater than costs derived from market failures (externalities, public goods).

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Économie nationale et internationale
  • Coopération et développement économiques
CONT

Le paradigme néo libéral inclut la privatisation, la déréglementation, les contraintes budgétaires et la libéralisation commerciale et financière.

OBS

Le modèle néo libéral de l'ajustement structurel s'est imposé dans les années 80.

Spanish

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