Neoliberalism
Neoliberalism : Used in two senses. One is as a theory of international relations which argues, contrary to realism and neorealism, that cooperation is possible even in conditions of international anarchy. A revised version of liberalism, this neoliberalism focuses on the rules and norms states are socialized to accept by working through international institutions or regimes. It is most closely associated with the work of Robert Keohane. The other use of neoliberalism is as a law form of liberalism that focuses heavily on free market economic policies of trade liberalization, deregulation of financial markets and the workplace, and privatization of government-owned industries and utilities. In Australia this latter sense often goes by the name of 'economic rationalism'.
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