The Neoliberal Policy Paradigm and the Great Recession
The paper examines the relationship between neoliberal policies and the Great Recession with a focus on the persistence of the policy paradigm in spite of overwhelming evidence of its role in creating the crisis. These economic problems are only the latest that have arisen in the wake of the three long decade experiment with these policy packages. The paper investigates the ideological, methodological, historical, theoretical, political and economic interests underlying the perpetuation of neoliberalism.
Key words: Neoliberalism, Great recession, IMF, Africa, European community.
JEL: B4, E6, F34.