What is neoliberalism, and how does it affect development studies?
Although neoliberalism has dominated the global and many national economies for nearly forty years, it is still poorly understood and confusing for many. This is especially the case for how it relates to development studies and aid. The origins of the term will be examined, and why it is so confusing will be explained. The focus will be on how ideas of ‘free trade’ have damaged people’s well-being by reducing the power of governments and enabling the global and many national economies to be captured and manipulated by large corporations and “the one percent”. This gives rise to a situation where ‘development’ is subordinated to the power of a few, and a new source of profit and domination over the poor.
Speaker: Terry Cannon, IDS Research Fellow.
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