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DVA3701 Assignment 3 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 17
April 2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
DVA3701 Assignment 3 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 17 April
2026
DVA3701 Assignment 3 (COMPLETE ANSWERS) Semester 1 2026 - DUE 17
April 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Critically discuss ‘neoliberalism’ in terms of the following: (a) Relationship
and influence on globalisation (b) Its ideas and influence on global
institutions Prescribed reading: - Study guide, learning unit 2 - e-Reserves: o
Harvey (2007) o Kieh (2008) o Krueger (2002) o Bull and Bøås (2012)
Assessment evidence:
The concept of neoliberalism has been the dominant economic and political paradigm since the
late 1970s, fundamentally reshaping how states, markets, and international organizations interact.
Drawing on the works of Harvey (2007) and Kieh (2008), this discussion evaluates its role in
global integration and institutional governance.
(a) Relationship and Influence on Globalisation
Neoliberalism is often described as the "engine" of contemporary globalisation. While
globalisation is a multidimensional process (technological, cultural, and political), neoliberalism
provides the specific ideological framework that prioritizes market-led integration.
The Facilitator of "Time-Space Compression": As Harvey (2007) argues,
neoliberalism seeks to remove "spatial barriers" to capital accumulation. By advocating
for deregulation and the elimination of tariffs, neoliberal policies allow capital to move
instantaneously across borders, effectively shrinking the world into a single global
marketplace.
The Shift in State Sovereignty: Neoliberal globalisation has fundamentally altered the
role of the state. Instead of acting as a provider of social welfare, the state becomes a
"competition state." Its primary role shifts to creating an "institutional framework
appropriate to such practices" (Harvey, 2007), which includes protecting property rights
and ensuring the free movement of goods and finance.
Inequality and Dependency: Critics like Kieh (2008) point out that neoliberal
globalisation is not a neutral process. In the context of the Global South (specifically
Africa), it has often led to "peripheralization." While it integrates nations into the
, global economy, it does so in a way that often reinforces dependency on raw material
exports and vulnerable low-wage labor markets.
(b) Ideas and Influence on Global Institutions
The core tenets of neoliberalism—individual freedom, free markets, and minimal state
intervention—are deeply embedded in what is known as the "Washington Consensus." This
consensus has dictated the operations of major global institutions.
The IMF and the World Bank
These institutions have been the primary vehicles for spreading neoliberalism through
Structural Adjustment Programs (SAPs).
Conditionality: When developing nations face economic crises, these institutions
provide loans contingent on neoliberal reforms: privatization of state enterprises,
austerity (cutting social spending), and trade liberalization (Krueger, 2002).
The "Technocratic" Influence: As Bull and Bøås (2012) observe, these institutions
often present neoliberal solutions as purely "technical" or "scientific" necessities rather
than political choices. This masks the ideological nature of the reforms.
The World Trade Organization (WTO)
The WTO embodies the neoliberal ideal of a "rule-based" global trading system.
Market Access: Its primary influence is the enforcement of non-discrimination in trade,
pushing countries to open their markets to foreign competition.
Institutional Constraints: The WTO’s dispute settlement mechanism ensures that
national laws (such as environmental or labor protections) do not act as "disguised
barriers" to trade, thereby prioritizing market logic over domestic social policy (Harvey,
2007).
Critical Perspective: The "Crisis of Legitimacy"
The influence of neoliberal ideas on these institutions has led to a significant backlash. Bull and
Bøås (2012) highlight that the failure of neoliberal policies to deliver widespread prosperity in
many regions has caused a "legitimacy crisis" for the IMF and World Bank. This has spurred a
move toward a "Post-Washington Consensus" which, while still market-oriented, pays more
attention to "good governance" and institutional capacity—though critics argue this is merely
"neoliberalism with a human face."
DVA3701 Assignment 3 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 17
April 2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
DVA3701 Assignment 3 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 17 April
2026
DVA3701 Assignment 3 (COMPLETE ANSWERS) Semester 1 2026 - DUE 17
April 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Critically discuss ‘neoliberalism’ in terms of the following: (a) Relationship
and influence on globalisation (b) Its ideas and influence on global
institutions Prescribed reading: - Study guide, learning unit 2 - e-Reserves: o
Harvey (2007) o Kieh (2008) o Krueger (2002) o Bull and Bøås (2012)
Assessment evidence:
The concept of neoliberalism has been the dominant economic and political paradigm since the
late 1970s, fundamentally reshaping how states, markets, and international organizations interact.
Drawing on the works of Harvey (2007) and Kieh (2008), this discussion evaluates its role in
global integration and institutional governance.
(a) Relationship and Influence on Globalisation
Neoliberalism is often described as the "engine" of contemporary globalisation. While
globalisation is a multidimensional process (technological, cultural, and political), neoliberalism
provides the specific ideological framework that prioritizes market-led integration.
The Facilitator of "Time-Space Compression": As Harvey (2007) argues,
neoliberalism seeks to remove "spatial barriers" to capital accumulation. By advocating
for deregulation and the elimination of tariffs, neoliberal policies allow capital to move
instantaneously across borders, effectively shrinking the world into a single global
marketplace.
The Shift in State Sovereignty: Neoliberal globalisation has fundamentally altered the
role of the state. Instead of acting as a provider of social welfare, the state becomes a
"competition state." Its primary role shifts to creating an "institutional framework
appropriate to such practices" (Harvey, 2007), which includes protecting property rights
and ensuring the free movement of goods and finance.
Inequality and Dependency: Critics like Kieh (2008) point out that neoliberal
globalisation is not a neutral process. In the context of the Global South (specifically
Africa), it has often led to "peripheralization." While it integrates nations into the
, global economy, it does so in a way that often reinforces dependency on raw material
exports and vulnerable low-wage labor markets.
(b) Ideas and Influence on Global Institutions
The core tenets of neoliberalism—individual freedom, free markets, and minimal state
intervention—are deeply embedded in what is known as the "Washington Consensus." This
consensus has dictated the operations of major global institutions.
The IMF and the World Bank
These institutions have been the primary vehicles for spreading neoliberalism through
Structural Adjustment Programs (SAPs).
Conditionality: When developing nations face economic crises, these institutions
provide loans contingent on neoliberal reforms: privatization of state enterprises,
austerity (cutting social spending), and trade liberalization (Krueger, 2002).
The "Technocratic" Influence: As Bull and Bøås (2012) observe, these institutions
often present neoliberal solutions as purely "technical" or "scientific" necessities rather
than political choices. This masks the ideological nature of the reforms.
The World Trade Organization (WTO)
The WTO embodies the neoliberal ideal of a "rule-based" global trading system.
Market Access: Its primary influence is the enforcement of non-discrimination in trade,
pushing countries to open their markets to foreign competition.
Institutional Constraints: The WTO’s dispute settlement mechanism ensures that
national laws (such as environmental or labor protections) do not act as "disguised
barriers" to trade, thereby prioritizing market logic over domestic social policy (Harvey,
2007).
Critical Perspective: The "Crisis of Legitimacy"
The influence of neoliberal ideas on these institutions has led to a significant backlash. Bull and
Bøås (2012) highlight that the failure of neoliberal policies to deliver widespread prosperity in
many regions has caused a "legitimacy crisis" for the IMF and World Bank. This has spurred a
move toward a "Post-Washington Consensus" which, while still market-oriented, pays more
attention to "good governance" and institutional capacity—though critics argue this is merely
"neoliberalism with a human face."
