Neo-Liberal


Neo-Liberal

One who favors free trade, globalization, and openness to the free market. The term is used frequently in an international context, but it may also refer to the politics of a single country. Neo-liberals advocate floating exchange rates, the reduction or elimination of tariffs, privatization of nationalized companies, and similar practices. International organizations well-known for advocating neo-liberal policies include the International Monetary Fund and the World Trade Organization.