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OVER THE LAST twenty or so years protected industries have been opened to competition, state-owned enterprises have been privatised, and, with less success, government spending constrained. These developments have occurred in a diverse range of countries, implemented by parties with varying ideological traditions. Apart from eponymous terms (Thatcherism, Reaganism), the trend towards markets, as it can be summarised, has been given two names with international currency, the "New Right" and "neoliberalism", and one local designation, "economic rationalism".
In 2001, all three names are still used, with "New Right" fading, "neoliberalism" rising, and "economic ...
Source: HighBeam Research, Naming the right: from the New Right to Economic Rationalism to...