Abstract
This chapter traces the global financial crisis (GFC) back to the major structural changes from social liberal to neoliberal ideology and policy in the early 1980s. Following major defeats for the organised working class in the West from the mid-1970s, these changes marked the end of the welfare state consensus across major political parties and the end of government committed to moderating and stabilising the effects of market forces in the interests of full employment, redistribution and global development.
Original language | English |
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Title of host publication | Transnational Governance: Emerging Models of Global Legal Regulation |
Editors | Michael Head, Scott Mann, Simon Kozlina |
Place of Publication | U.K. |
Publisher | Ashgate |
Pages | 35-67 |
Number of pages | 33 |
ISBN (Print) | 9781409418269 |
Publication status | Published - 2012 |
Keywords
- neoliberalism
- free trade
- government policy
- economics
- Global Financial Crisis, 2008-2009