DVA3701
Assignment 3 Semester 1 2026
Unique number:
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.
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, For additional support +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
Assignment 3 Semester 1 2026
Unique number:
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.
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, For additional support +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
