Exercises on neoliberalism

(Mackenzie) Inspired by classical liberalism and in clear opposition to Keynesianism, neoliberalism proposes, among other measures:

I. the role of the State as an entrepreneur, as a mediator of capital-labor relations and as a regulator of rates and tariffs.

II. the development of a policy of privatization of state enterprises to reduce the role of the state in the economy.

III. the minimization of the power of unions and the reduction of labor rights.

IV. the reduction of barriers to the movement of goods and capital between countries, thus promoting greater economic openness.

They are correct:

a) only I, II and IV.

b) only I, III and IV.

c) only I, II and III.

d) only II, III and IV.

e) I, II, III and IV

Among the international political leaders often associated with the neoliberalism of the 1980s, we can point out:

a) Ronald Reagan and Winston Churchill

b) Vladimir Putin and Bashar Al-Assad

c) Juan Domingo Perón and Richard Nixon

d) Margaret Thatcher and Ronald Reagan

e) Vladimir Putin and Queen Victoria

(UNIRIO) In the midst of economic globalization and neoliberal policy, we have recently lived with the case of Mexico, in 1994-95. The Mexican crisis, or what was called the "tequila effect" (hot money), resulted:

a) massive investments in Mexican industry, generating the rapid appreciation of the peso, the strong local currency.

b) the economic mismatch between Mexico and Latin American countries, creating Mexican industrial strengthening.

c) the overvaluation of the dollar, as a standard currency, affecting peripheral economies dependent on the US.

d) the flight of immense speculative capital that migrated, affecting the local economic strength.

e) the misery in which Mexico finds itself compared to other much more stable and solid Latin American countries.

Among economists who are identified with 20th century neoliberalism are:

a) Carl Menger and Friedrich Engels

b) David Ricardo and Schumpeter

c) Schumpeter and Werner Sombart

d) Karl Marx and John M. Keynes

e) Milton Friedman and Friedrich Hayek

Letter D

The only item that does not correctly describe the characteristics of neoliberalism is I:“the role of the State as an entrepreneur, as a mediator of capital-labor relations and as a regulator of fees and tariffs.” — this when the concept of Neoliberalism is associated with the classical liberal tradition that completely rejects state interventionism.

Letter D

The Prime Minister of England and the President of the United States of America, Margaret Thatcher and Ronald Reagan, respectively, were, in the 1980s, the political icons of neoliberalism. Both his actions in the field of economic policy and his theoretical connections with intellectuals from tributary schools in classical liberalism attest to this fact.

Letter D

The Mexican crisis of 1994 was triggered by a gigantic process of financial speculation that had great ballast around the world, reaching other countries in Latin America and also Southeast Asia.

Letter E

Friedman, linked to the Chicago School of Economics, and Hayek, linked to the Austrian School of Economics, were the main names linked to the reorganization of liberal ideas in the second half of the 20th century. Many reject the application of the “neoliberal” label to these intellectuals, but there are authors, such as José Guilherme Merquior, who place them within this scope.