Friday, November 30, 2012

Concept of Neoliberalism


In simple words, Neoliberalism can be defined as the shift of control of economic factors from public sector to private sector.

Above definition means bringing in Economic Liberalization, Free Trade, Open Markets,allow Privatization and Deregulation and enhancing role of the private sector in the economy.

Neoliberalism proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets and free trade.