As a practice, neoliberalism was challenged in the 1980s and 1990s by the success of ______________.
A) the United States of America as a global superpower
B) East Asian interventionist economies that achieved economic success
C) the fall of the Berlin Wall and the end of the Cold War
D) the independence of Zimbabwe
E) greater pragmatism in how to stimulate economic development in the Global South

Question

Quizplus · Accepted Answer

East Asian countries like Japan, South Korea, and Taiwan achieved remarkable economic success through policies that involved significant government intervention in the economy, contrasting with the free-market principles of neoliberalism.

As a Practice, Neoliberalism Was Challenged in the 1980s and 1990s