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?