Neoliberalism

IMF Begins Structural Adjustment in Asian Financial Crisis

| Importance: 9/10

The International Monetary Fund (IMF) initiates comprehensive economic intervention in Thailand, marking the start of widespread structural adjustment policies across Southeast Asian economies. This intervention requires Thailand to implement strict austerity measures, deregulate financial markets, …

IMF World Bank Thai Government Thai Central Bank McKinsey & Company asian-financial-crisis structural-adjustment economic-intervention neoliberalism imf-policy +1 more
Read more →

NAFTA Takes Effect as Zapatista Uprising Protests Privatization of Indigenous Lands

| Importance: 8/10

The North American Free Trade Agreement officially takes effect on January 1, 1994, the same day that 3,000-4,000 indigenous campesinos of the EZLN (Zapatista Army of National Liberation) launch an armed uprising in Chiapas, Mexico, declaring NAFTA a “death sentence” for indigenous …

EZLN Zapatista Army Mexican Government Indigenous Campesinos Bill Clinton Mexican Farmers nafta zapatista-uprising indigenous-rights privatization trade-policy +3 more
Read more →

Chicago Boys Initiate Radical Economic Shock Therapy Under Pinochet's Dictatorship

| Importance: 9/10

In the aftermath of the 1973 Chilean coup, the Chicago Boys, a group of economists trained by Milton Friedman at the University of Chicago, began implementing radical free-market economic reforms under Augusto Pinochet’s dictatorship. Their ‘shock therapy’ approach involved rapid …

Milton Friedman Arnold Harberger Augusto Pinochet The Chicago Boys Amartya Sen economic-shock-therapy neoliberalism chile-economic-policy psychological-manipulation institutional-capture
Read more →