Globalization and Neoliberalism - UMass

Globalization and Neoliberalism by David M. Kotz Department of Economics and Political Economy research Institute Thompson Hall University of Massachusetts Amherst, MA 01003 Telephone 413-545-1248 Fax 413-545-2921 Email August, 2000 This paper was published in Rethinking Marxism, volume 12, Number 2, Summer 2002, pp. 64-79. research assistance was provided by Elizabeth Ramey and Deger Eryar. research funding was provided by the Political Economy research Institute of the University of Massachusetts at Amherst. Globalization and Neoliberalism 1 For some two decades Neoliberalism has dominated economic policymaking in the US and the UK. Neoliberalism has strong advocates in continental Western Europe and Japan, but substantial popular resistance there has limited its influence so far, despite continuing US efforts to impose neoliberal policies on them. In much of the Third World, and in the transition countries (except for China), the US has been successful in dictating neoliberal policies, acting partly through the IMF and World Bank and partly through direct pressure.

Research Institute Thompson Hall University of Massachusetts Amherst, MA 01003 U.S.A. Telephone 413-545-1248 Fax 413-545-2921 Email dmkotz@econs.umass.edu August, 2000 This paper was published in Rethinking Marxism, Volume 12, Number 2, Summer 2002, pp. 64-79. Research assistance was provided by Elizabeth Ramey and Deger Eryar.

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