Neoliberalism is described as reducing import quotas, abolishing government spending on social welfare, and fiscal discipline to promote foreign trade. This practice has had the following impact since the 1980's

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Neoliberalism's focus on reducing government spending on social welfare programs and promoting foreign trade has resulted in an increase in poverty and a reduction in social welfare. Additionally, changes have been sought in political leadership as a result of public frustration with these policies. The increasing wealth gap between the rich and poor is also a consequence of neoliberal economic policies.

Neoliberalism Is Described as Reducing Import Quotas, Abolishing Government Spending