Neoliberalism

1.What are the four main principles of market economy?

2.Define social welfare capitalism. Give some examples from real countries.

PART B) (70 points)

"Successes and Failures of Neoliberalism"

Evelyne Huber, University of North Carolina, Chapel Hill Fred Solt, Rice University

Latin American Research Review, Vol. 39, No. 3, October 2004, University of Texas Press, Austin, TX.

1.What does it mean the term 'social democratic'?

2.What are the indicators that help determine the success or failure of neoliberalism in Latin America?

3.Why the drastic neoliberal reforms aggravated the economic recession in many countries in South America?

4.Does it make sense that many Latin American countries do not perform well in terms of inequality and poverty?

5.What is the conclusion? Do Economic emergencies favor neoliberal reforms?

6.Why do they work these reforms when the economy is better?

7.Do they perpetuate the poverty and the inequality?