Neoliberalism



[nee-oh-lib-er-uh-liz-uh m, -lib-ruh-] /ˌni oʊˈlɪb ər əˌlɪz əm, -ˈlɪb rə-/

noun
1.
an outgrowth of the U.S. movement, beginning in the late 1960s, that modified somewhat its traditional endorsement of all trade unions and opposition to big business and military buildup.
/ˌniːəʊˈlɪbərəˌlɪzəm; -ˈlɪbrəˌlɪzəm/
noun
1.
a modern politico-economic theory favouring free trade, privatization, minimal government intervention in business, reduced public expenditure on social services, etc

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