The Third World debt crisis secured neoliberalism’s victory in development discourse

Evidence

If this transformation seems obvious, the role played by networks of neoliberal intellectuals and organizations in securing it remains an ongoing debate to which this volume aims to contribute, if not resolve. While the success of the neoliberal revolution in the development sphere was fully secured only in the 1980s, and in the context of a Third World debt crisis that dramatically reconfigured the contours of the North-South debate, this chapter has emphasized the agency of individuals and organizations in articulating and promoting the policies and positions that were mobilized against the NIEO. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1816

Categorization

• XREF: connects to: Third World liberation movements were the strongest contemporary force for radical change; Neoliberals were ready accomplices in Bretton Woods’ collapse — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 412; Latin America’s debt crisis opened a window for neoliberal network expansion — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 551 (+6 more)

Broader Connections

• Crises have not discredited neoliberal governance #corroborates (0.78) — Wendy Brown, Undoing the Demos, 749
• Neoliberalism has a coherent crisis logic despite lacking fixed doctrine #corroborates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 146