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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.
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Chapter 11: Actually existing neoliberalism III: global competitiveness and inequality

Ray Kiely


This chapter examines inequality in the global economy, linking it to the competitiveness discourse which is central to neoliberalism, both in the developing and the developed world. The first section examines the discourse of competitiveness and shows how neoliberalism promotes competition (and inequality). The second section moves on to critically examine neoliberalism and global inequality with particular reference to the question of development, questioning recent claims that the world is either converging through neoliberal policies, or at least poverty reduction is taking place. The third section examines inequality in the developed countries, highlighting the extent of inequality in the developed world. The fourth section brings the argument together by focusing in more detail on the question of neoliberalism and social exclusion. Finally, the conclusion extends this discussion by examining the question of inequality, deserts and reward.

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