laissez faire economic theory which opposes state intervention in the economy and believes in the free operation of the market.

In essence, Neoliberalism was a term coined in the 1990s and is meant to be about making trade between nations easier. In practise this has often allowed multinational companies greater power in gaining access to resources in countries to the detriment of the people and countries

The constellation of economic policies, including privatization, free trade, and deregulation, which spread to most of the world in the 'nineties, largely through the offices of the World Bank, International Monetary Fund, and World Trade Organization.