http://en.wikipedia.org/wiki/NeoliberalNeoliberalism is a term used to describe government policies aiming to promote free competition among business firms within market, notably liberalization and monetarism <1>
Neoliberalism is associated with the theories of Friedrich Hayek, economics departments such as that at the University of Chicago (and such professors as Milton Friedman and Arnold Harberger), and international organizations such as the International Monetary Fund (none of whom use the name "neoliberal"). In general, neoliberalism represents a move away from the Keynesian economics that were dominant immediately after World War II. The philosophy promotes a "liberalization" of capital markets (thus called "neoliberal reform").
More specifically, neoliberalism promotes a stable currency, a balanced budget, free market capitalism, and free trade. Characteristic aspects include expansion of the market to a 24-hour global trading cycle, contract maximalization, increase in the frequency of contracts, continuous assessment, and derivative markets.
Opponents argue that neoliberalism is the implementation of global capitalism through government/military interventionism to protect the interests of multinational corporations, as well as the effects of so-called "free trade" on wages and social structures. Notable opponents to neoliberalism in theory or practice include economists Joseph Stiglitz and Amartya Sen, Noam Chomsky,<2> and the anti-globalization movement