From the 1980s to the early 2000s, global capitalism was under the dominance of neoliberal institutions and policies.  What is neoliberalism?  Give some examples of neoliberal policies.  What were the structural contradictions of the neoliberal global economy?  The expansion of the global economy in the early 2000s was characterized by major imbalances in the US and the Chinese economy.  Compare the macroeconomic imbalances in the US and in China and explain why these imbalances were unsustainable.

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Neoliberalism is a political and economic ideology that advocates for limited government intervention in the economy and promotes freemarket capitalism as the primary driver of economic growth and dev... View the full answer