Neoliberal Globalization and Its Impact

📋 Course Outline

1. Post-Bretton Woods economic and geopolitical crises of the 1970s
2. Transformation of global capital flows and loss of state autonomy
3. Neoliberalism ideology and its three pillars: deregulation, discipline, development
4. Shift from state-led industrialization to market-oriented development models
5. Global economic outcomes of neoliberal reforms: integration, inequality, and instability
6. Retrospective evaluation and necessary adaptation of the Washington Consensus policies
7. The Real New International Economic Order and U.S. leadership in global capitalism
8. IMF transformation and rise of conditionality in enforcing neoliberal reforms
9. Financial deregulation, casino capitalism, and debt crises in the neoliberal era
10. The Washington Consensus as a transnational policy paradigm institutionalized by international financial institutions
11. Evolution and adaptation of the Washington Consensus amid emerging global economic models

📖 1. Post-Bretton Woods economic and geopolitical crises of the 1970s

🔑 Key Concepts & Definitions

• Liquidity Glut : This led to a massive " liquidity glut "—a surplus of easy money in circulation—and soaring inflation driven by oil shocks and rising raw material prices.

📝 Essential Points