PAP 3365 Lecture Notes - Lecture 1: United States House Committee On Oversight And Government Reform, Washington Consensus, Neoconservatism

• School: University of Ottawa
• Department: Public Administration
• Course: PAP 3365
• Professor: Mahmoud Maesali

Document Summary

Neoliberalism is essentially about free trade within and between the nations/ states. Freer movements of resources to find cheaper resources. Goal = efficiency in transactions in order to maximize profits: privatization of public enterprises, cut in public expenditures, deregulartion of the market, smaller state. The third stage neoliberalism (1979-1980) neo-conservatism: economic neoliberalism, political conservatism, right wing religious groups, want to bring all three together, do business for profit and without social responsibility. Neoliberal proposals: privatization of public enterprises, deregulation of the economy, massive tax cuts, downsizing the government, expansion of international markets, cut down on public expenditures. Washington consensus (1989-1990: redirection of public expenditures towards fields that have the highest economic returns and the potential to improve income distribution"". Who takes benefits: market reflects the economic power, freedom in the economic transactions result in the monopoly of powerful economic and.