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A Study Of New Changes In Neoliberalism In The Post-financial Crisis Era

Posted on:2022-08-19Degree:DoctorType:Dissertation
Country:ChinaCandidate:N Y ZhangFull Text:PDF
GTID:1489306338965619Subject:FINANCE
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In 2008,the financial crisis in the United States spread around the world and,following the international financial crisis,neoliberalism gradually went into decline.In the post-financial crisis era,neo-liberalism has gradually recovered and is showing a tendency to become active again.Neoliberalism was introduced into history as a means to manage the crisis,but it led to the international financial crisis in 2008,and therefore the theory of neoliberalism faced a major challenge and had to be rethought and adjusted.Based on the changing international political climate,both the developed countries that exported the neoliberal model and the late-developing countries that were forced to interfere with the neoliberal path were forced to make adjustments in their economic policies and foreign strategies.As a result,neoliberal theory and practice have entered a new period of development and change in the post-financial crisis era.This paper examines neoliberalism since the 2008 financial crisis as a new period of change,systematically exploring the new changes in neoliberalism in the post-financial crisis era and grasping the essential connotations,laws of change and development trends of neoliberalism.The term "neoliberalism" is used in this paper as a concept that encompasses three aspects: ideology,policy and foreign strategy.Neoliberalism is,firstly,a trend of thought,which refers to the economic academic trend advocated by various schools and representatives of neoliberalism on the maximisation of the free market and the limitation of government functions;secondly,neoliberalism refers to a set of economic policy ideas that adapt to the requirements of the transformation of state monopoly capitalism into international financial monopoly capitalism,including a system of state policies characterised by trade liberalisation,price marketisation and the priority of the market over the government;finally,neoliberalism is a system of state policies characterised by Finally,neoliberalism is an external strategy,an important tool for the US,Britain and other western developed countries to promote the global integration of international financial monopoly capital.In the post-financial crisis era,the new changes in neoliberalism are concentrated in the above-mentioned changes in theory,policy and external development strategy.This paper has six chapters on the theme of "New Changes in Neoliberalism in the Post-Financial Crisis Era",the main contents of which are as follows.The first chapter compares the historical lineage of neoliberalism,its basic ideas and its practice in different regions,and analyses the impact of the 2008 international financial crisis,a major historical event in the history of capitalism,on neoliberalism.The second chapter discusses the new changes in neoliberal theory in the post-financial crisis era,with the main elements being the new changes in neoliberal market-government theory,including the Chicago School's rethinking of the utility of the market and the Austrian School's reconceptualisation of the functions of government;it also talks about the new changes in neoliberal theories of the state and globalisation,including the change in the public choice theory's view of the state,and the new imperialist theory's global It also discusses the new changes in neoliberal theories of the state and globalisation,including the change in the public choice theory of the state and the new imperialist theory of global governance.In the post-financial crisis era,neo-liberalism has undergone self-reflection and adjustments in the content of its theories,but although there are new changes,they are not significant and they have been made within the original framework of neo-liberalism.Chapter 3 discusses the new changes in neoliberal policies in the post-financial crisis era,including those in the United States and the United Kingdom,where neoliberalism originated,in other developed countries such as Germany and France,and in the process of "de-neoliberalisation" in Asian,African and Latin American countries.The specific content covers changes in monetary policy,financial policy,social welfare policy,employment policy,etc.in each country.In the post-financial crisis era,neoliberal policy changes are a response to the economic and social crisis and do not transcend the market logic of neoliberalism,but remain a continuation and expansion of the market logic of capitalism.Chapter 4 deals with the new changes in neoliberalism's foreign strategy in the post-financial crisis era,mainly discussing how the neoliberal hegemonic states,represented by the US and the UK,have adjusted their foreign strategies.The specific contents include the adjustment of foreign trade strategy,the adjustment of diplomatic strategy and the adjustment of international hegemonic strategy.The new changes in neo-liberal external strategies show that the post-financial crisis era has seen significant challenges to the neo-liberal international order,but the new changes in neo-liberal external strategies are still guided by the basic logic of the neo-liberal states' attempts to pursue hegemony externally.Based on the above new changes in neoliberalism's theory,policies and foreign strategies in the post-financial crisis era,Chapter 5 stands on a Marxist position and scientifically analyses the reasons why neoliberalism has been able to continue to develop in the post-financial crisis era,discusses the basic features of the new changes in neoliberalism,such as local quantitative changes,contradictory developments and the accentuation of crises,as well as the neoliberal class,It also discusses the essential connotations of neoliberalism's class,contemporary and dual nature.Chapter 6 discusses the new crisis facing neoliberalism in the context of the epidemic,analyses the current dilemma and challenges facing neoliberalism,and predicts the possible future development direction of neoliberalism.Through the above discussion,the paper concludes that many new changes have indeed emerged in neoliberalism in the post-financial crisis era,but this series of new changes in neoliberalism is still taking place on a local scale.First of all,although neoliberalism has undergone theoretical adjustments,there are no major new innovations in its basic theoretical system and logic;there is a slight reversal of the momentum of neoliberal policies,but these policy changes are temporary and contingent in nature,and there is no fundamental reversal of the overall policy orientation and trend;there is also a reversal of the neoliberal foreign strategy to some extent,but it does not change the neoliberal policy direction.To some extent,there has also been a reverse development in neoliberal foreign strategy,but this has not changed the basic logic of neoliberal hegemony abroad.In general,therefore,the new changes in neoliberalism in the post-financial crisis era have not changed the essence of neoliberalism in the defence of bourgeois rule and in the service of capital.At present,the new crown epidemic has once again brought the shortcomings of neoliberalism to light,forming a new round of crisis for neoliberalism,which will see new adjustments and changes in the future,but the basic development trend of neoliberalism will not change.
Keywords/Search Tags:post financial crisis era, neo-liberalism, capitalist system, capitalist crisis
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