Show Less
You do not have access to this content

The Neoliberal Paradox

Ray Kiely

This ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate.
Show Summary Details
You do not have access to this content

Chapter 7: Neoliberalism in practice II: the 1990s to 2008

Ray Kiely

Extract

This chapter focuses on the period from the 1990s up to the financial crisis of 2008. In particular it examines the relationship between various projects – the third way, the expansion of the European Union and the rise of the post-Washington Consensus, and of the so-called BRIC countries – and the question of neoliberal theory and practice. These are examined in five sections. The first section examines the third way in the context of the so-called new economy and globalisation. The second section again examines the third way, but in the context of what has been called the Anglo-American growth model, and specifically the housing boom in those countries. In each case we focus on the question of the relationship between state and market, and whether or not each case can be defined as neoliberal. The conclusion explores this by suggesting that the issue is not about the amount of state intervention so much as the particular types and forms of intervention which is central to understanding neoliberalism.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.