Meaning of neoliberalism

ne•o•lib•er•al•ism

Pronunciation: (nē"ō-lib'ur-u-liz"um, -lib'ru-), [key]
— n.
  1. an outgrowth of the U.S. liberal movement, beginning in the late 1960s, that modified somewhat its traditional endorsement of all trade unions and opposition to big business and military buildup.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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