Neoliberalism is often associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society.
The neoliberal project is also focused on designing institutions and is political in character rather than only economic.
https://en.m.wikipedia.org/wiki/Neoliberalism
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