The Global Expansion Of The Economic Trends Of Neo-liberalism And Its Impact On Developing Countries

Neoliberal economics is the successor of bourgeois classical liberal economic theory andis characteristic of opposition and resistance to Keynesian;it contains the theories, ideologiesand policies that adapt to the requirement of the change from state monopoly capitalism tointernational monopoly capitalism. Since the beginning of the 1980s, neo-liberalism showsnew characters in the context of knowledge economy, its global expansion through a series ofarrangements has a profound impact on the economic development of developing countries.The introduction and promotion of "Washington consensus" become the theoretical weaponsand pushes the evolution of the economic trends of neo-liberalism to power politics. LatinAmerica and other developing countries become the seriously-stricken areas of neo-liberalism.Confronted with the paradox of neo-liberalism in the economic reform practice of developingcountries, the vast developing countries began to reexamine the economic trends ofneo-liberalism.The paper adopts the research methods of deductive and comparative analysis andcontains four parts: the first part introduces the concept of neo-liberalism and its theoreticalparadigm;the second part introduces the global expansion of neo-liberal economic trends;thethird part introduces the impact of neo-liberal economic trends on economic development indeveloping countries;the fourth part introduces the rational choice of developing countries inthe face of neo-liberal economic trends.