DVA3701
Assignment 3 Semester 1 2026
Unique number: 108580
Due Date: 17 April 2026
Neoliberalism and Globalisation: A Critical Analysis of its Influence on the Global
Economy and Institutions
1. Introduction
Neoliberalism has become one of the most influential ideas shaping the modern global
economy. It is closely linked to the current phase of globalisation, which is marked by
increased trade, financial flows, and connections between countries. While globalisation is
often presented as a natural and inevitable process, many scholars argue that it has been
actively shaped by neoliberal policies and powerful global actors. These policies have
promoted free markets, reduced state involvement, and opened national economies to
international competition.
At the same time, neoliberal globalisation has produced mixed outcomes. It has supported
economic growth and innovation in some regions, while deepening inequality and exclusion
in others, especially in parts of the Global South such as Africa. It has also influenced the
way global institutions operate, shaping their policies and priorities.
This discussion examines neoliberalism in relation to globalisation and explores Terms
how ofitsuse
By making use of this document you agree to:
ideas have shaped global institutions. It offers a critical view by showing both its
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 81 278 3372
Neoliberalism and Globalisation: A Critical Analysis of its Influence on the
Global Economy and Institutions
1. Introduction
Neoliberalism has become one of the most influential ideas shaping the modern
global economy. It is closely linked to the current phase of globalisation, which is
marked by increased trade, financial flows, and connections between countries.
While globalisation is often presented as a natural and inevitable process, many
scholars argue that it has been actively shaped by neoliberal policies and powerful
global actors. These policies have promoted free markets, reduced state
involvement, and opened national economies to international competition.
At the same time, neoliberal globalisation has produced mixed outcomes. It has
supported economic growth and innovation in some regions, while deepening
inequality and exclusion in others, especially in parts of the Global South such as
Africa. It has also influenced the way global institutions operate, shaping their
policies and priorities.
This discussion examines neoliberalism in relation to globalisation and explores how
its ideas have shaped global institutions. It offers a critical view by showing both its
contributions and its limitations within the global system.
2. Definition of Concepts
2.1 Neoliberalism
Neoliberalism is an economic and political approach that promotes free markets,
private ownership, and limited government involvement in the economy. It argues
that economic growth and human well being are best achieved when individuals and
businesses operate freely within competitive markets, supported by strong property
rights and free trade policies (Harvey 2007).
2.2 Globalisation
Globalisation refers to the increasing connection between countries through trade,
communication, finance, and cultural exchange. It involves the expansion of global
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 3 Semester 1 2026
Unique number: 108580
Due Date: 17 April 2026
Neoliberalism and Globalisation: A Critical Analysis of its Influence on the Global
Economy and Institutions
1. Introduction
Neoliberalism has become one of the most influential ideas shaping the modern global
economy. It is closely linked to the current phase of globalisation, which is marked by
increased trade, financial flows, and connections between countries. While globalisation is
often presented as a natural and inevitable process, many scholars argue that it has been
actively shaped by neoliberal policies and powerful global actors. These policies have
promoted free markets, reduced state involvement, and opened national economies to
international competition.
At the same time, neoliberal globalisation has produced mixed outcomes. It has supported
economic growth and innovation in some regions, while deepening inequality and exclusion
in others, especially in parts of the Global South such as Africa. It has also influenced the
way global institutions operate, shaping their policies and priorities.
This discussion examines neoliberalism in relation to globalisation and explores Terms
how ofitsuse
By making use of this document you agree to:
ideas have shaped global institutions. It offers a critical view by showing both its
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 81 278 3372
Neoliberalism and Globalisation: A Critical Analysis of its Influence on the
Global Economy and Institutions
1. Introduction
Neoliberalism has become one of the most influential ideas shaping the modern
global economy. It is closely linked to the current phase of globalisation, which is
marked by increased trade, financial flows, and connections between countries.
While globalisation is often presented as a natural and inevitable process, many
scholars argue that it has been actively shaped by neoliberal policies and powerful
global actors. These policies have promoted free markets, reduced state
involvement, and opened national economies to international competition.
At the same time, neoliberal globalisation has produced mixed outcomes. It has
supported economic growth and innovation in some regions, while deepening
inequality and exclusion in others, especially in parts of the Global South such as
Africa. It has also influenced the way global institutions operate, shaping their
policies and priorities.
This discussion examines neoliberalism in relation to globalisation and explores how
its ideas have shaped global institutions. It offers a critical view by showing both its
contributions and its limitations within the global system.
2. Definition of Concepts
2.1 Neoliberalism
Neoliberalism is an economic and political approach that promotes free markets,
private ownership, and limited government involvement in the economy. It argues
that economic growth and human well being are best achieved when individuals and
businesses operate freely within competitive markets, supported by strong property
rights and free trade policies (Harvey 2007).
2.2 Globalisation
Globalisation refers to the increasing connection between countries through trade,
communication, finance, and cultural exchange. It involves the expansion of global
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
