Transitions to and from(?) Neoliberalism

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    Abstract

    The current international crisis has important similarities with the crisis of the 1970s that eventually gave rise to a new hegemonic project and associated growth model, later to be labelled neoliberalism. With a view to assessing the possibilities for a transition to a new model in the current situation the paper examines the first transition along three selected dimensions: the underlying structural changes that prevented a return to the old model; the relatively autonomous role of international organisations in diagnosing the problems and suggesting remedies, and the role of power relations and political leadership in effecting the transitions. All three factors are argued to be critical. The same questions are then asked of the current situation. Deep global eco-nomic integration along with environmental problems, lacking inclusion of people, rising inequalities and the empowerment of the emerging economies all present economic and political problems that cannot be ad-dressed effectively by neoliberal policy prescriptions. This is diagnosed by international organisations and in the G20, but there still are tensions between the new agenda and the legacy of neoliberalism and a new convincing hegemonic project has not yet emerged. The crisis is both one of hegemony within the transnational power bloc and between the power bloc and popular forces, right and left. This makes the question of political leader-ship critical, but Brexit and the election of Donald Trump has only served to aggravate the crisis. There is a possibility for a progressive turn, but also for a rather malevolent development.
    Original languageEnglish
    Publication date2017
    Number of pages17
    Publication statusPublished - 2017
    Event11th Pan-European Conference on International Relations: The Politics of International Studies in an Age of Crises - Universitat Pompeu Fabra, Campus de la Ciutadella, Barcelona, Spain
    Duration: 13 Sep 201716 Sep 2017
    Conference number: 11

    Conference

    Conference11th Pan-European Conference on International Relations
    Number11
    LocationUniversitat Pompeu Fabra, Campus de la Ciutadella
    CountrySpain
    CityBarcelona
    Period13/09/201716/09/2017

    Cite this

    Ougaard, M. (2017). Transitions to and from(?) Neoliberalism. Paper presented at 11th Pan-European Conference on International Relations, Barcelona, Spain.