Chapter

Embedding Neoliberalism

Philip G. Cerny

in Rethinking World Politics

Published in print February 2010 | ISBN: 9780199733699
Published online May 2010 | e-ISBN: 9780199776740 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199733699.003.0007
Embedding Neoliberalism

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This chapter first examines neoliberalism as a contested concept. It then traces how it has come to be embedded within the globalization process; deconstructs the concept into its different subcategories and dimensions; identifies some of the key actors who have co-opted neoliberalism into their own frames of references, strategies and tactics; and concludes by suggesting some of the forms that arguably might be expected to characterize its evolution in the medium term. It shows that the evolution of neoliberalism over the past thirty years has transformed it from a relatively dogmatic, enforced, pseudo-laissez faire doctrine into a kind of common sense for the 21st century. Embedded neoliberalism involves an acceptance that we live in a multi-level, more open, and market-like globalizing world, in which informal and negotiated policy processes do not merely complement relations among nation-states but constitute a complex, fungible, pluralized political game that is drawing in ever more actors.

Keywords: neoliberalism; governance; international politics; globalization

Chapter.  11974 words. 

Subjects: International Relations

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