Neoliberalism in the UK, US and EU
In the first video of Trevor's series on fiscal and monetary policy largesse, he explains the policy mix of the major Western economies, in particular, that of the European Union. In so doing, Trevor describes different policy reactions to the 2008 Financial Crisis, and defines neoliberalism and ordoliberalism.
Overview
There are many similarities between the approach taken by the US, the UK and the Eurozone to stimulating growth and development. All three take their cue from economic neoliberalism - that is the idea that markets know best and as much as possible should be left alone.
Key learning objectives:
Identify the historical policy mixes used by the UK, US and EU
Define neoliberalism and ordoliberalism, and describe their similarities
What were the different policy reactions to the Financial Crisis?
Summary
Expert
Trevor Pugh
Trevor has worked in finance since 1995. He started his career in investment banking after studying Law at Cambridge and taking a Masters Degree in Financial Services from University College Dublin. Trevor spent 18 years at Barclays investment bank where he became a Managing Director and head of Gilt trading. He currently works as Chief Operating Officer for a hedge fund.
