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John Quiggin

In: The SAGE Handbook of Neoliberalism

Chapter 11: Neoliberalism: Rise, decline and future prospects

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Neoliberalism: Rise, decline and future prospects
Neoliberalism: Rise, Decline and Future Prospects
John Quiggin
Introduction

In the years since the Global Financial Crisis of 2008, developed countries have experienced social and economic disruption on a scale not seen since the 1970s. Many European countries remain in a state of chronic recession. Even in economies that have experienced a sustained recovery from the crisis, the rate of growth has slowed to a rate that has raised fears of ‘secular stagnation’ (Gordon, 2016). Political disruptions have been even more dramatic. The capture of the US Republican Party by Donald Trump, the British vote to leave the European Union and the rise of populist parties of the left and right in Europe are among the ...

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