When borders don't matter: development and global culture - Neoliberal economics
3 important questions on When borders don't matter: development and global culture - Neoliberal economics
What led to a growing sense of disenchantment with government-led solutions?
In the Western societies, the high interest rates, high energy costs, inflation, slow economic growth, rising unemployment, and labor unrest of the mid-1970s contributed to a growing sense of disenchantment with government-led solutions to economic problems.
What policy did Thatcher apply for Britain?
- Thatcher recognized that the miners had been instrumental in the downfall of Heath's Conservative government in 1973, but she was determined to use the inefficient and costly practices in the coal industry as an illustration of everything that was wrong with the welfare state.
- In Britain, the new government embarked upon a decade-long effort to privatize national industries and curb the power of the unions.
What happened after the implosion of the USSR and the collapse of communist ideology worldwide?
With the implosion of the USSR and the collapse of communist ideology worldwide, the virtues of capitalism and the promise of the unfettered marketplace informed government policies around the globe.
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