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186-401: Mikheil Saakashvili ( Georgian : მიხეილ სააკაშვილი [miχeˈil saakʼaˈʃʷili] ; Ukrainian : Міхеіл Саакашвілі [m⁽ʲ⁾ixeˈil sɐɐkɐʃˈwil⁽ʲ⁾i] ; born 21 December 1967) is a Georgian and Ukrainian politician and jurist. He was the third president of Georgia for two consecutive terms from 25 January 2004 to 17 November 2013. From May 2015 until November 2016, Saakashvili

372-477: A shock therapy , which rapidly transformed Chile from an economy with a protected market and strong government intervention into a liberalized, world-integrated economy, where market forces were left free to guide most of the economy's decisions. Inflation was tempered, falling from over 600% in 1974, to below 50% by 1979, to below 10% right before the economic crisis of 1982 ; GDP growth spiked (see chart) to 10%. however, inequality widened as wages and benefits to

558-457: A vigesimal numeric system like Basque and (partially) French . Numbers greater than 20 and less than 100 are described as the sum of the greatest possible multiple of 20 plus the remainder. For example, "93" literally translates as 'four times twenty plus thirteen' ( ოთხმოცდაცამეტი , otkhmotsdatsamet’i ). One of the most important Georgian dictionaries is the Explanatory dictionary of

744-415: A "slowly unfolding economic disaster" and bequeathed to the world increased inequalities, societal divisions, economic misery and a lack of meaningful politics. The Great Depression in the 1930s, which severely decreased economic output throughout the world and produced high unemployment and widespread poverty , was widely regarded as a failure of economic liberalism . To renew the damaged ideology,

930-569: A Roman grammarian from the 2nd century AD. The first direct attestations of the language are inscriptions and palimpsests dating to the 5th century, and the oldest surviving literary work is the 5th century Martyrdom of the Holy Queen Shushanik by Iakob Tsurtaveli . The emergence of Georgian as a written language appears to have been the result of the Christianization of Georgia in the mid-4th century, which led to

1116-665: A capital-like effect called Mtavruli for titles and inscriptions. Georgian is an agglutinative language with a complex verb structure that can include up to eight morphemes , exhibiting polypersonalism . The language has seven noun cases and employs a left-branching structure with adjectives preceding nouns and postpositions instead of prepositions. Georgian lacks grammatical gender and articles, with definite meanings established through context. Georgian's rich derivation system allows for extensive noun and verb formation from roots, with many words featuring initial consonant clusters. The Georgian writing system has evolved from ancient scripts to

1302-636: A centrist political movement from modern American liberalism in the 1970s. According to political commentator David Brooks , prominent neoliberal politicians included Al Gore and Bill Clinton of the Democratic Party of the United States. The neoliberals coalesced around two magazines, The New Republic and the Washington Monthly , and often supported Third Way policies. The "godfather" of this version of neoliberalism

1488-441: A certain set of economic beliefs. The colloquium defined the concept of neoliberalism as involving "the priority of the price mechanism, free enterprise, the system of competition, and a strong and impartial state". According to attendees Louis Rougier and Friedrich Hayek , the competition of neoliberalism would establish an elite structure of successful individuals that would assume power in society, with these elites replacing

1674-514: A civilian-military regime. Shortly after the inauguration of Fujimori, his government received a $ 715 million grant from United States Agency for International Development (USAID) on 29 September 1990 for the Policy Analysis, Planning and Implementation Project (PAPI) that was developed "to support economic policy reform in the country". De Soto proved to be influential to Fujimori, who began to repeat de Soto's advocacy for deregulating

1860-475: A compromise solution to hold early presidential elections for 5 January 2008. He also proposed to hold a plebiscite in parallel to snap presidential elections about when to hold parliamentary polls  – in spring as pushed for by the opposition parties, or in late 2008. Several concessions in the election code were also made to the opposition. On 23 November 2007, the ruling United National Movement party officially nominated Saakashvili as its candidate for

2046-559: A constitutional amendment completely abolishing the death penalty in law. Saakashvili's government massively increased military spending to modernize the Georgian Armed Forces , which were small and poorly equipped and trained at the time he entered office. By 2007, the military budget had increased twenty-fold since 1999. New weapons and vehicles were purchased, military salaries were raised, new bases were built, and Georgian soldiers engaged in joint training exercises with

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2232-572: A defiant militia led by a local warlord Emzar Kvitsiani . In his foreign policy, Saakashvili maintained close ties with the US, as well as other NATO countries, and remains one of the key partners of the GUAM organization. The Saakashvili-led Rose Revolution has been described by the White House as one of the most powerful movements in the modern history that has inspired others to seek freedom. At

2418-415: A drop in the real salary of the working class. They also liberalized trade policy so that foreign goods could freely enter the country. Argentina's industry, which had been on the rise for 20 years after the economic policies of former president Arturo Frondizi , rapidly declined as it was not able to compete with foreign goods. Following the measures, there was an increase in poverty from 9% in 1975 to 40% at

2604-466: A few specialized facilities for mental health and infectious diseases remained in government hands, and the state continued to provide health insurance for those below the poverty line, whose insurance was paid for by public funds and provided by private insurers, and some civil servants, amounting to about 40% of the population. As a result, the level of healthcare greatly improved, with new hospitals and clinics beginning to replace older facilities. However,

2790-426: A global 'free market'. Naomi Klein states that the three policy pillars of neoliberalism are " privatization of the public sphere, deregulation of the corporate sector, and the lowering of income and corporate taxes , paid for with cuts to public spending ". According to some scholars, neoliberalism is commonly used as a pejorative by critics, outpacing similar terms such as monetarism , neoconservatism ,

2976-438: A government-appointed commission that ensured Pinochet would remain as president for a further eight years—with increased powers—after which he would face a re-election referendum. The Chicago Boys were given significant political influence within the military dictatorship , and they implemented sweeping economic reform . In contrast to the extensive nationalization and centrally planned economic programs supported by Allende,

3162-599: A group of 25 liberal intellectuals, including a number of prominent academics and journalists like Walter Lippmann , Friedrich Hayek , Ludwig von Mises , Wilhelm Röpke , Alexander Rüstow , and Louis Rougier , organized the Walter Lippmann Colloquium , named in honor of Lippmann to celebrate the publication of the French translation of Lippmann's pro- market book An Inquiry into the Principles of

3348-784: A lobbyist and used Daniel Kunin of USAID and the NDI as a full-time adviser. On 24 February 2004, the United National Movement and the United Democrats had amalgamated. The new political movement was named the National Movement - Democrats (NMD). The movement's main political priorities include raising pensions and providing social services to the poor, its main base of support; fighting corruption; and increasing state revenue. The 2004 presidential election were carried out on 4 January 2004. The election

3534-504: A major political crisis in the southwestern Autonomous Republic of Adjara run by an authoritarian regional leader, Aslan Abashidze , who largely ignored the central Georgian government and was viewed by many as a pro-Russian politician. The crisis threatened to develop into an armed confrontation, but Saakashvili's government managed to resolve the conflict peacefully, forcing Abashidze to resign on 6 May 2004. Success in Adjara encouraged

3720-587: A major controversy with the State Security Minister Vakhtang Kutateladze and Tbilisi police chief Ioseb Alavidze, accusing them of profiting from corrupt business deals. Saakashvili resigned on 5 September 2001, saying that "I consider it immoral for me to remain as a member of Shevardnadze's government." He declared that corruption had penetrated to the very centre of the Georgian government and that Shevardnadze lacked

3906-461: A major road in the capital after Gamsakhurdia. He also released 32 Gamsakhurdia supporters (political prisoners) imprisoned by the Shevardnadze government in 1993–94. As well as a new national flag, Saakashivili authorised the adoption of a new national anthem on 20 May 2004 and the establishment of a new state arms on 1 October 2004. In the first months of his presidency, Saakashvili faced

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4092-698: A new constitution to replace the Pinochet-era constitution, which entrenched certain neoliberal principles into the country's basic law, won with 78% of the vote. However, in September 2022 , the referendum to approve a rewritten the constitution was rejected with 61% of the vote. Peruvian economist Hernando de Soto , the founder of one of the first neoliberal organizations in Latin America, Institute for Liberty and Democracy (ILD), began to receive assistance from Ronald Reagan 's administration, with

4278-800: A new political party called Movement of New Forces . On 26 July 2017, Saakashvili (at the time staying in the US) was stripped of his Ukrainian citizenship by Petro Poroshenko , and became a stateless person . He reentered Ukraine with a group of supporters through Poland but was arrested in February 2018 and deported. Saakashvili moved to the Netherlands , where he was granted permanent residency . On 29 May 2019, he returned to Ukraine after newly elected President Volodymyr Zelenskyy restored his citizenship. On 1 October 2021, Saakashvili announced via Facebook his return to Georgia after an eight-year absence, on

4464-735: A part of the Soviet Union). Saakashvili graduated from the Institute of International Relations (Department of International Law) of the Taras Shevchenko National University of Kyiv (in then independent Ukraine) in 1992. At this university, he was friends with later President of Ukraine Petro Poroshenko . While in Ukraine Saakashvili participated in the October 1990 student protest known as

4650-633: A philosophy that was more moderate than entirely Laissez-faire free-market capitalism and favored using state policy to temper social inequality and counter a tendency towards monopoly. In 1976, the military dictatorship 's economic plan led by José Alfredo Martínez de Hoz was the first attempt at establishing a neoliberal program in Argentina. They implemented a fiscal austerity plan that reduced money printing in an attempt to counter inflation. In order to achieve this, salaries were frozen; however, they were unable to reduce inflation, which led to

4836-474: A portion of the population was left uninsured, as it could not afford private insurance and did not qualify for public insurance. Saakashvili sees membership of the NATO as a premise of stability for Georgia and offered an intensified dialogue with the de facto Abkhaz and Ossetian authorities. Until the 2008 South Ossetia war , a diplomatic solution was thought to be possible. Saakashvili's administration doubled

5022-702: A reduction in the rate of inflation , though Peru's poverty rate remained largely unchanged with over half of the population living in poverty in 1998. According to the Foundation for Economic Education , USAID, the United Nations Population Fund (UNFPA) and the Nippon Foundation also supported the sterilization efforts of the Fujimori government. E. Liagin reported that from 1993 to 1998, USAID "basically took charge of

5208-509: A result, the rate of corruption in the country was drastically reduced and the business environment was improved significantly. The economy began growing and the standard of living rose. Georgia's ranking in the Corruption Perceptions Index by Transparency International improved dramatically from rank 133 in 2004 to 67 in 2008 and further to 51 in 2012, surpassing several EU countries. The World Bank named Georgia as

5394-490: A ri means 'friend'; megobrebi ( megob Ø rebi ) means 'friends', with the loss of a in the last syllable of the word stem. Georgian has seven noun cases: nominative , ergative , dative , genitive , instrumental , adverbial and vocative . An interesting feature of Georgian is that, while the subject of a sentence is generally in the nominative case and the object is in the accusative case (or dative), one can find this reversed in many situations (this depends mainly on

5580-399: A row, as may be seen in words like გვფრცქვნ ი gvprtskvni 'you peel us' and მწვრთნ ელი mts’vrtneli 'trainer'. Vicenik has observed that Georgian vowels following ejective stops have creaky voice and suggests this may be one cue distinguishing ejectives from their aspirated and voiced counterparts. Georgian has been written in a variety of scripts over its history. Currently

5766-589: A word. Georgian vowels in non-initial syllables are pronounced with a shorter duration compared to vowels in initial syllables. long polysyllabic words may have a secondary stress on their third or fourth syllable. Georgian contains many "harmonic clusters" involving two consonants of a similar type (voiced, aspirated, or ejective) that are pronounced with only a single release; e.g. ბგ ერა bgera 'sound', ცხ ოვრება tskhovreba 'life', and წყ ალი ts’q’ali 'water'. There are also frequent consonant clusters , sometimes involving more than six consonants in

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5952-549: Is because syllables in the language often begin with two consonants. Recordings are available on the relevant Wiktionary entries, linked to below. Article 1 of the Universal Declaration of Human Rights : Neoliberalism Neoliberalism is both a political philosophy and a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism . The term has multiple, competing definitions, and

6138-444: Is broadly defined as the extension of competitive markets into all areas of life, including the economy , politics and society . The Handbook of Neoliberalism Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls , deregulating capital markets , lowering trade barriers " and reducing, especially through privatization and austerity , state influence in

6324-461: Is distinct from liberalism insofar as it does not advocate laissez-faire economic policy, but instead is highly constructivist and advocates a strong state to bring about market-like reforms in every aspect of society. Anthropologist Jason Hickel also rejects the notion that neoliberalism necessitates the retreat of the state in favor of totally free markets, arguing that the spread of neoliberalism required substantial state intervention to establish

6510-520: Is most closely related to the Zan languages ( Megrelian and Laz ) and more distantly to Svan . Georgian has various dialects , with standard Georgian based on the Kartlian dialect, and all dialects are mutually intelligible. The history of Georgian spans from Early Old Georgian in the 5th century, to Modern Georgian today. Its development as a written language began with the Christianization of Georgia in

6696-739: Is near the Latin American average, Chile still has one of the highest Gini coefficients in the OECD , an organization of mostly developed countries that includes Chile but not most other Latin American countries. Furthermore, the Gini coefficient measures only income inequality ; Chile has more mixed inequality ratings in the OECD's Better Life Index , which includes indexes for more factors than only income, like housing and education . Additionally,

6882-451: Is often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms. Neoliberalism is an economic philosophy that originated among European liberal scholars during the 1930s. It emerged as a response to the perceived decline in popularity of classical liberalism , which

7068-947: Is rather light, and in fact Georgian transliterates the tenuis stops in foreign words and names with the ejectives. The coronal occlusives ( /tʰ tʼ d n/ , not necessarily affricates) are variously described as apical dental, laminal alveolar, and "dental". Per Canepari, the main realizations of the vowels are [ i ], [ e̞ ], [ ä ], [ o̞ ], [ u ]. Aronson describes their realizations as [ i̞ ], [ e̞ ], [ ä ] (but "slightly fronted"), [ o̞ ], [ u̞ ]. Shosted transcribed one speaker's pronunciation more-or-less consistently with [ i ], [ ɛ ], [ ɑ ], [ ɔ ], [ u ]. Allophonically, [ ə ] may be inserted to break up consonant clusters, as in /dɡas/ [dəɡäs] . In casual speech, /iV, Vi/ sequences can be realized phonetically as [jV~i̯V, Vj~Vi̯]. Phrase-final unstressed vowels may sometimes be partially reduced. Prosody in Georgian involves stress, intonation, and rhythm. Stress

7254-401: Is very weak, and linguists disagree as to where stress occurs in words. Jun, Vicenik, and Lofstedt have proposed that Georgian stress and intonation are the result of pitch accents on the first syllable of a word and near the end of a phrase. According to Borise, Georgian has fixed initial word-level stress cued primarily by greater syllable duration and intensity of the initial syllable of

7440-458: The Dittionario giorgiano e italiano . These were meant to help western Catholic missionaries learn Georgian for evangelical purposes. On the left are IPA symbols, and on the right are the corresponding letters of the modern Georgian alphabet, which is essentially phonemic. Former /qʰ/ ( ჴ ) has merged with /x/ ( ხ ), leaving only the latter. The glottalization of the ejectives

7626-499: The Mkhedruli script is almost completely dominant; the others are used mostly in religious documents and architecture. Mkhedruli has 33 letters in common use; a half dozen more are obsolete in Georgian, though still used in other alphabets, like Mingrelian, Laz, and Svan. The letters of Mkhedruli correspond closely to the phonemes of the Georgian language. According to the traditional account written down by Leonti Mroveli in

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7812-555: The 2012 Georgian parliamentary election , while Saakashvili was barred by the constitution of Georgia from seeking a third term in the 2013 presidential election , which was also won by the opposition candidate. During his tenure as president, Saakashvili oversaw police, military, economic and government reforms. As the new Patrol Police department was established, the entire police force was fired and replaced with new one in an effort to root out corruption. The bureaucratic spendings were decreased as several ministries were abolished to cut

7998-675: The Asia-Pacific , the Middle East , and China implementing significant neoliberal reform. Additionally, the International Monetary Fund and World Bank encouraged neoliberal reforms in many developing countries by placing reform requirements on loans, in a process known as structural adjustment . Neoliberal ideas were first implemented in West Germany . The economists around Ludwig Erhard drew on

8184-678: The Cabinet of Georgia well before Georgian presidential elections . Shortly after being re-elected, the president formally re-appointed the Prime Minister of Georgia Lado Gurgenidze and asked him to present a renewed cabinet to the Parliament of Georgia for final approval. Gurgenidze changed most ministers, leaving Ivane Merabishvili , controversial Minister for Home Affairs, Defence Minister Davit Kezerashvili and Minister of Finance Nika Gilauri on their former positions. Gia Nodia

8370-572: The European Union , he had also spoken of the importance of better relations with Russia. He faced major problems, however, particularly Georgia's difficult economic situation and the still unresolved question of separatism in the regions of Abkhazia and South Ossetia . Abkhazia regards itself as independent of Georgia and did not take part in the elections, while South Ossetia favours union with its northern counterpart in Russia. Saakashvili

8556-516: The Georgian Orthodox Church and together are called Khutsuri 'priest alphabet'. In Mkhedruli , there is no case. Sometimes, however, a capital-like effect, called Mtavruli ('title' or 'heading'), is achieved by modifying the letters so that their vertical sizes are identical and they rest on the baseline with no descenders. These capital-like letters are often used in page headings, chapter titles, monumental inscriptions, and

8742-518: The Great Recession . In sum, the neoliberal policies of the 1980s and 1990s—initiated by a repressive authoritarian government —transformed the Chilean economy from a protected market with high barriers to trade and hefty government intervention into one of the world's most open free-market economies. Chile experienced the worst economic bust of any Latin American country during

8928-457: The Kartlian dialect. Over the centuries, it has exerted a strong influence on the other dialects. As a result, they are all, generally, mutually intelligible with standard Georgian, and with one another. The history of the Georgian language is conventionally divided into the following phases: The earliest extant references to Georgian are found in the writings of Marcus Cornelius Fronto ,

9114-597: The Latin American debt crisis (several years into neoliberal reform), but also had one of the most robust recoveries, rising from the poorest Latin American country in terms of GDP per capita in 1980 (along with Peru) to the richest in 2019. Average annual economic growth from the mid-1980s to the Asian crisis in 1997 was 7.2%, 3.5% between 1998 and 2005, and growth in per capita real income from 1985 to 1996 averaged 5%—all outpacing Latin American averages. Inflation

9300-467: The National Endowment for Democracy 's Center for International Private Enterprise (CIPE) providing his ILD with funding. The economic policy of President Alan García distanced Peru from international markets, resulting in lower foreign investment in the country. Under García, Peru experienced hyperinflation and increased confrontations with the guerrilla group Shining Path , leading

9486-663: The Revolution of Dignity . On 30 May 2015, Ukrainian President Petro Poroshenko appointed Saakashvili as Governor of Odesa Oblast . He was also granted Ukrainian citizenship , and due to restrictions on dual nationality under Georgian law , was stripped of his Georgian citizenship. On 7 November 2016, Saakashvili resigned as governor while blaming President Poroshenko personally for enabling corruption in Odesa and in Ukraine overall. Four days later, he announced his goal to create

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9672-453: The Serbian " Otpor! ") and several NGOs , like Liberty Institute , were active in all protest activities. After an increasingly tense two weeks of demonstrations, Shevardnadze resigned as president on 23 November, to be replaced on an interim basis by parliamentary speaker Nino Burjanadze . While the revolutionary leaders did their best to stay within the constitutional norms, many called

9858-756: The Soviet Union . His father, Nikoloz Saakashvili, is a physician who practises medicine in Tbilisi and directs a local balneological centre. His mother, Giuli Alasania , is a historian who lectures at Tbilisi State University . During university, he served his shortened military service in 1989–1990 with the Soviet Border Troops ' checkpoint unit in the Boryspil Airport in Ukraine (then as Ukrainian Soviet Socialist Republic , also

10044-541: The United States , the Chilean armed forces and national police overthrew the Allende government in a coup d'état . They established a repressive military junta , known for its violent suppression of opposition , and appointed army chief Augusto Pinochet Supreme Head of the nation. His rule was later given legal legitimacy through a controversial 1980 plebiscite , which approved a new constitution drafted by

10230-595: The Washington Consensus and "market reform" in much scholarly writing. The Handbook of Neoliberalism , for instance, posits that the term has "become a means of identifying a seemingly ubiquitous set of market-oriented policies as being largely responsible for a wide range of social, political, ecological and economic problems". Its use in this manner has been criticized by those who advocate for policies characterized as neoliberal. The Handbook , for example, further argues that "such lack of specificity [for

10416-514: The economic policy of classical liberalism. In the context of policymaking, the term neoliberalism is often used to describe a paradigm shift that followed the failure of the post-war consensus and neo-Keynesian economics to address the stagflation of the 1970s. The collapse of the USSR and the end of the Cold War also facilitated the rise of neoliberalism in the United States and around

10602-565: The murder of Sandro Girgvliani . In September 2012, the leaked video footage of systemic torture and rape in the Georgian prison system came to light during the Gldani prison scandal . Saakashvili was accused of being behind police brutality and the inhuman treatment of inmates. Shortly after the 2013 presidential election, Saakashvili left Georgia. In 2014, the Prosecutor's Office of Georgia filed criminal charges against Saakashvili. In 2018,

10788-680: The " Revolution on Granite ". Saakashvili briefly worked as a human rights officer for the interim State Council of Georgia following the overthrow of President Zviad Gamsakhurdia before receiving a fellowship from the United States State Department (via the Edmund S. Muskie Graduate Fellowship Program ). He received an LL.M. from Columbia Law School in 1994 and took classes at the School of International and Public Affairs and The George Washington University Law School

10974-675: The "clearest repudiation of the country's establishment". In the 1960s, Latin American intellectuals began to notice the ideas of ordoliberalism ; they often used the Spanish term "neoliberalismo" to refer to this school of thought. They were particularly impressed by the social market economy and the Wirtschaftswunder ("economic miracle") in Germany and speculated about the possibility of accomplishing similar policies in their own countries. Neoliberalism in 1960s Argentina meant

11160-457: The 11th century, the first Georgian script was created by the first ruler of the Kingdom of Iberia , Pharnavaz , in the 3rd century BC. The first examples of a Georgian script date from the 5th century AD. There are now three Georgian scripts, called Asomtavruli 'capitals', Nuskhuri 'small letters', and Mkhedruli . The first two are used together as upper and lower case in the writings of

11346-494: The 1980s, "have contributed to steady economic growth in Chile and have more than halved poverty rates," and some scholars have even called the period the " Miracle of Chile ". Other scholars have called it a failure that led to extreme inequalities in the distribution of income and resulted in severe socioeconomic damage. It is also contested how much these changes were the result of neoliberal economic policies and how much they were

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11532-507: The 1990s, Chile maintained high growth, averaging 7.3% from 1990 to 1998. Eduardo Aninat, writing for the IMF journal Finance & Development , called the period from 1986 to 2000 "the longest, strongest, and most stable period of growth in [Chile's] history." In 1999, there was a brief recession brought about by the Asian financial crisis , with growth resuming in 2000 and remaining near 5% until

11718-548: The 4th century. Georgian phonology features a rich consonant system, including aspirated, voiced, and ejective stops , affricates , and fricatives . Its vowel system consists of five vowels with varying realizations. Georgian prosody involves weak stress, with disagreements among linguists on its placement. The language's phonotactics include complex consonant clusters and harmonic clusters. The Mkhedruli script , dominant in modern usage, corresponds closely to Georgian phonemes and has no case distinction, though it employs

11904-567: The Chicago Boys implemented rapid and extensive privatization of state enterprises, deregulation, and significant reductions in trade barriers during the latter half of the 1970s. In 1978, policies that would further reduce the role of the state and infuse competition and individualism into areas such as labor relations, pensions, health and education were introduced. > Additionally, the central bank raised interest rates from 49.9% to 178% to counter high inflation. These policies amounted to

12090-597: The December 1995 elections along with Zhvania, and both men won seats in parliament , standing for the Union of Citizens of Georgia , Shevardnadze's party. Saakashvili was chairman of the parliamentary committee which was in charge of creating a new electoral system, an independent judiciary and a non-political police force. Opinion surveys recognised him to be the second most popular person in Georgia, behind Shevardnadze. He

12276-489: The English-language study of political economy. According to one study of 148 scholarly articles, neoliberalism is almost never defined but used in several senses to describe ideology, economic theory, development theory, or economic reform policy. It has become used largely as a term of abuse and/or to imply a laissez-faire market fundamentalism virtually identical to that of classical liberalism – rather than

12462-519: The French president Nicolas Sarkozy . The war resulted in Georgia losing all of its possessions in the disputed territories. Russia subsequently recognized the independence of Abkhazia and South Ossetia, while Georgia responded with breaking diplomatic relations. On the economic front, Saakashvili pursued a neoliberal policy: abolition of the minimum wage, dismissal of 60,000 civil servants, lowering of corporate income tax from 20% to 15%, and dividend tax from 10% to 5%. In 2009, Forbes ranked Georgia as

12648-568: The Georgian language ( ქართული ენის განმარტებითი ლექსიკონი ). It consists of eight volumes and about 115,000 words. It was produced between 1950 and 1964, by a team of linguists under the direction of Arnold Chikobava . Georgian has a word derivation system, which allows the derivation of nouns from verb roots both with prefixes and suffixes, for example: It is also possible to derive verbs from nouns: Likewise, verbs can be derived from adjectives, for example: In Georgian many nouns and adjectives begin with two or more contiguous consonants. This

12834-494: The Georgian president, for which the Jewish leaders were invited as honoured guests. Relations with the United States were good, but were complicated by Saakashvili's "volatile" behaviour. Former and current US officials characterized the Georgian president as "difficult to manage". They criticized his "risky moves", moves that have often "caught the U.S. unprepared" while leaving it "exposed diplomatically". Saakashvili's ties with

13020-739: The Georgian reformists leaders. In June 2002, he was elected as the Chairman of the Tbilisi Assembly ("Sakrebulo") following an agreement between the United National Movement and the Georgian Labour Party . This gave him a powerful new platform from which to criticize the government. Georgia held parliamentary elections on 2 November 2003 which were denounced by local and international observers as being grossly rigged. Saakashvilli claimed that he had won

13206-458: The German neoliberals, his name was only occasionally mentioned in conjunction with neoliberalism during this period due to his more pro-free market stance. During the military rule under Augusto Pinochet (1973–1990) in Chile, opposition scholars took up the expression to describe the economic reforms implemented there and its proponents (the Chicago Boys ). Once this new meaning was established among Spanish-speaking scholars, it diffused into

13392-757: The Good Society . Meeting in Paris in August 1938, they called for a new liberal project, with "neoliberalism" one name floated for the fledgling movement. They further agreed to develop the Colloquium into a permanent think tank based in Paris called the Centre International d'Études pour la Rénovation du Libéralisme. While most agreed that the status quo liberalism promoting laissez-faire economics had failed, deep disagreements arose around

13578-478: The Great Depression while Mises denounced the other faction, complaining that the ordoliberalism they advocated really meant "ordo-interventionism". Divided in opinion and short on funding, the Colloquium was mostly ineffectual; related attempts to further neoliberal ideas, such as the effort by Colloque-attendee Wilhelm Röpke to establish a journal of neoliberal ideas, mostly floundered. Fatefully,

13764-537: The Italian economist Maffeo Pantaleoni , with the term néo-libéralisme previously existing in French; the term was later used by others, including the classical liberal economist Milton Friedman in his 1951 essay "Neo-Liberalism and its Prospects". In 1938 at the Colloque Walter Lippmann , the term neoliberalism was proposed, among other terms, and ultimately chosen to be used to describe

13950-594: The Peruvian economy. Under Fujimori, de Soto served as "the President's personal representative", with The New York Times describing de Soto as an "overseas salesman", while others dubbed de Soto as the "informal president" for Fujimori. In a recommendation to Fujimori, de Soto called for a "shock" to Peru's economy. The policies included a 300% tax increase, unregulated prices and privatizing two-hundred and fifty state-owned entities. The policies of de Soto led to

14136-490: The Tbilisi City Court sentenced him in absentia to six years in prison for ordering the beating of Valeri Gelashvili and pardoning in prior agreement the individuals tried for Sandro Girgvliani's murder. Saakashvili continued to manage his party from abroad while accusing the Georgian government of using the legal system as a tool of political retribution. Saakashvili supported Ukraine 's Euromaidan movement and

14322-497: The US go back to 1991 (see Early life and career ). Biographies of Thomas Jefferson and John F. Kennedy can be found in his office, next to biographies of Joseph Stalin and Mustafa Kemal Atatürk and books on war. Seeking US support, Saakashvili went outside the United States Department of State and established contacts with Sen. John McCain and forces seeking NATO expansion. Saakashvili believes that

14508-461: The US military. When Saakashvili took office, the university entrance system was bribe-based, with a university spot costing up to $ 50,000 in 2003. His government introduced a common entrance exam, replacing the bribe-based system with a merit-based one. The quality of university education also improved. Despite this, Saakashvili was accused of failing to reform the quality of primary and secondary-level school education, which reportedly remained low at

14694-467: The United National Movement party. In 2003, Saakashvili became a leading opposition figure who accused the government of rigging the 2003 Georgian parliamentary election , spearheading mass protests which saw President Shevardnadze resign from his post in the bloodless Rose Revolution . Saakashvili's key role in the protests led to him being elected as the President in 2004. He was later reelected as President in 2008. However, his party suffered defeat in

14880-448: The annual Reformer Awards. Under Saakashvili's term, Georgia became involved in international market transactions to a small extent, and in 2007 Bank of Georgia sold bonds at premium, when $ 200m five-year bond was priced with a coupon of 9 per cent at par, or 100 per cent of face value, after initially being priced at 9.5 per cent and investors pushed orders up to $ 600m. In 2009, he introduced The Economic Liberty Act of Georgia , which

15066-651: The benefits are concentrated in Lima." In 2020, the COVID-19 pandemic in Peru compounded these disparities, with political scientist Professor Farid Kahhat of the Pontifical Catholic University of Peru stating that, "market reforms in Peru have yielded positive results in terms of reducing poverty ... But what the pandemic has laid bare, particularly in Peru, is that poverty was reduced while leaving

15252-478: The change of government a popular coup dubbed by Georgian media as the Rose Revolution . Saakashvili's "storming of Georgia's parliament" in 2003 "put U.S. diplomats off guard... [Saakashvili] ousted a leader the U.S. had long backed, Eduard Shevardnadze." Seeking support, Saakashvili went outside the U.S. State Department. He hired Randy Scheunemann , then Sen. John McCain's top foreign-policy adviser, as

15438-403: The character of the verb). This is called the dative construction . In the past tense of the transitive verbs, and in the present tense of the verb "to know", the subject is in the ergative case. Georgian has a rich word-derivation system. By using a root, and adding some definite prefixes and suffixes, one can derive many nouns and adjectives from the root. For example, from the root - kart -,

15624-474: The classical liberal notion that competition drives economic prosperity. However, they argued that a laissez-faire state policy stifles competition, as the strong devour the weak since monopolies and cartels could pose a threat to freedom of competition. They supported the creation of a well-developed legal system and capable regulatory apparatus. While still opposed to full-scale Keynesian employment policies or an extensive welfare state , German neoliberal theory

15810-483: The country towards high levels of instability. The Peruvian armed forces grew frustrated with the inability of the García administration to handle the nation's crises and began to draft an operation – Plan Verde – to overthrow his government. The military's Plan Verde involved the " total extermination " of impoverished and indigenous Peruvians perceived as a drain on the economy, the control or censorship of media in

15996-413: The country with the fourth lowest tax burden in the world. During Saakashvili's tenure, Georgia went through several political crises. In 2007, mass demonstrations erupted demanding resignation of Saakashvili. The protests, which were triggered by detention of Georgian politician Irakli Okruashvili , were violently dispersed by the special forces on 7 November 2007. The largest opposition media Imedi TV

16182-663: The crowd about 20 metres (65 ft) from the podium after hitting a girl and did not detonate. Arutyunian was arrested in July of that year, but before his capture, he managed to kill one law enforcement agent. He was convicted of the attempted assassinations of Saakashvili and Bush and the murder of the agent, and given a life sentence. The late Georgian businessman Badri Patarkatsishvili claimed that pressure had been exerted on his financial interests after Imedi Television broadcast several accusations against officials. On 25 October 2007, former defence minister Irakli Okruashvili accused

16368-458: The current Mkhedruli, used for most purposes. The language has a robust grammatical framework with unique features such as syncope in morphophonology and a left-branching syntax. Georgian's vocabulary is highly derivational, allowing for diverse word formations, while its numeric system is vigesimal. No claimed genetic links between the Kartvelian languages and any other language family in

16554-451: The developed world was under threat from collectivist trends, which they outlined in their statement of aims: The central values of civilization are in danger. Over large stretches of the Earth's surface the essential conditions of human dignity and freedom have already disappeared. In others, they are under constant menace from the development of current tendencies of policy. The position of

16740-444: The earliest nations to implement neoliberal reform. Marxist economic geographer David Harvey has described the substantial neoliberal reforms in Chile beginning in the 1970s as "the first experiment with neoliberal state formation", which would provide "helpful evidence to support the subsequent turn to neoliberalism in both Britain... and the United States." Similarly, Vincent Bevins says that Chile under Augusto Pinochet "became

16926-610: The early 1970s. After several years of socialist economic policies under president Salvador Allende , a 1973 coup d'état , which established a military junta under dictator Augusto Pinochet , led to the implementation of a number of sweeping neoliberal economic reforms that had been proposed by the Chicago Boys , a group of Chilean economists educated under Milton Friedman . This "neoliberal project" served as "the first experiment with neoliberal state formation" and provided an example for neoliberal reforms elsewhere. Beginning in

17112-575: The early 1980s, the Reagan administration and Thatcher government implemented a series of neoliberal economic reforms to counter the chronic stagflation the United States and United Kingdom had each experienced throughout the 1970s. Neoliberal policies continued to dominate American and British politics until the Great Recession . Following British and American reform, neoliberal policies were exported abroad, with countries in Latin America ,

17298-520: The economy. It is also commonly associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States. Some scholars note it has a number of distinct usages in different spheres: There is debate over the meaning of the term. Sociologists Fred L. Block and Margaret Somers claim there is a dispute over what to call the influence of free-market ideas which have been used to justify

17484-567: The economy. It would not be until a succession of economic downturns and crises in the 1970s that neoliberal policy proposals would be widely implemented. By this time, neoliberal thought had evolved. The early neoliberal ideas of the Mont Pelerin Society had sought to chart a middle way between the trend of increasing government intervention implemented after the Great Depression and the laissez-faire economics many in

17670-431: The efforts of the Colloquium would be overwhelmed by the outbreak of World War II and were largely forgotten. Nonetheless, the Colloquium served as the first meeting of the nascent neoliberal movement and would serve as the precursor to the Mont Pelerin Society , a far more successful effort created after the war by many of those who had been present at the Colloquium. Neoliberalism began accelerating in importance with

17856-477: The election earlier than called for by the Georgian constitution in order to resolve the political tension surrounding opposition-led demonstrations, their suppression by the government on 7 November 2007, and the closure of the most popular opposition television network, Imedi. Saakashvili said in his presidential address that "these elections will be held according to our timing, and not that of our ill-wishers." Saakashvili publicly announced his plans of modernising

18042-479: The election. On 4 January 2004, Saakashvili won the presidential elections in Georgia with more than 96% of the votes cast, making him at 36 years old, the youngest national president in Europe at the time. On a platform of opposing corruption and improving pay and pensions, he promised to improve relations with the outside world. Although he is strongly pro-Western and intended to seek Georgian membership of NATO and

18228-625: The elections (a claim supported by independent exit polls), and urged Georgians to demonstrate against Shevardnadze's government and engage in nonviolent civil disobedience against the authorities. Saakashvili's UNM and Burdjanadze-Democrats united to demand the ouster of Shevardnadze and the rerun of the elections. Massive political demonstrations were held in Tbilisi in November, with over 100,000 people participating and listening to speeches by Saakashvili and other opposition figures. The Kmara ("Enough!") youth organization (a Georgian counterpart of

18414-503: The end of Saakashvili's second term, about a quarter of the population was still living below the absolute poverty rate. Georgia's ranking in the Corruption Perceptions Index by Transparency International improved dramatically from rank 133 in 2004 to 67 in 2008 and further to 51 in 2012, surpassing several EU countries. The World Bank ranked the country 8th in terms of ease of doing business and named it as

18600-414: The end of his second term, about a quarter of the population was still poor, and unemployment was at 15%. On 27 March 2006, the government announced that it had prevented a nationwide prison riot plotted by criminal kingpins . The police operation ended with the deaths of 7 inmates and at least 17 injuries. While the opposition cast doubts over the official version and demanded an independent investigation,

18786-469: The end of his term in office. After Georgian independence, the government found that its Soviet-style centralized healthcare system was underfunded and failing. State-run centralized medical facilities were typically inefficient and in need of renovation and technological upgrades. As a result, the government privatized almost all public hospitals and clinics, and the insurance system was deregulated, with private insurance companies able to offer coverage. Only

18972-445: The epicenter of the community as Europeans dominated the leadership roles. Established during a time when central planning was in the ascendancy worldwide and there were few avenues for neoliberals to influence policymakers, the society became a "rallying point" for neoliberals, as Milton Friedman phrased it, bringing together isolated advocates of liberalism and capitalism . They were united in their belief that individual freedom in

19158-477: The establishment of the Mont Pelerin Society in 1947, whose founding members included Friedrich Hayek , Milton Friedman , Karl Popper , George Stigler and Ludwig von Mises . Meeting annually, it became a "kind of international 'who's who' of the classical liberal and neo-liberal intellectuals." While the first conference in 1947 was almost half American, the Europeans dominated by 1951. Europe would remain

19344-399: The eve of the local elections . Later on the same day Prime Minister of Georgia Irakli Garibashvili held a press briefing announcing that Saakashvili had been arrested in Tbilisi. According to the investigation, Saakashvili entered the country secretly, hiding in a semi-trailer truck loaded with milk products. He illegally crossed the state border of Georgia, bypassing the customs control. He

19530-577: The existing representative democracy acting on the behalf of the majority. To be neoliberal meant advocating a modern economic policy with state intervention . Neoliberal state interventionism brought a clash with the opposing laissez-faire camp of classical liberals, like Ludwig von Mises . Most scholars in the 1950s and 1960s understood neoliberalism as referring to the social market economy and its principal economic theorists such as Walter Eucken , Wilhelm Röpke , Alexander Rüstow and Alfred Müller-Armack . Although Hayek had intellectual ties to

19716-498: The following words can be derived: Kart veli ('a Georgian person'), Kart uli ('the Georgian language') and Sa kart velo ('the country of Georgia'). Most Georgian surnames end in - dze 'son' (Western Georgia), - shvili 'child' (Eastern Georgia), - ia (Western Georgia, Samegrelo ), - ani (Western Georgia, Svaneti ), - uri (Eastern Georgia), etc. The ending - eli is a particle of nobility, comparable to French de , Dutch van , German von or Polish - ski . Georgian has

19902-705: The following year. In 1993, he also received a diploma from the International Institute of Human Rights in Strasbourg , France. Saakashvili interned at the United Nations. After graduation, while on internship in the New York law firm of Patterson Belknap Webb & Tyler in early 1995, he was approached by Zurab Zhvania , an old friend from Georgia who was working on behalf of President Eduard Shevardnadze to enter politics. He stood in

20088-665: The former seeks to disrupt and overcome any institutions which stand in the way. Radhika Desai, director of the Geopolitical Economy Research Group at the University of Manitoba , argues that global capitalism reached its peak in 1914, just prior to the two great wars, anti-capitalist revolutions and Keynesian reforms, and the purpose of neoliberalism was to restore capitalism to the preeminence it once enjoyed. She argues that this process has failed as contemporary neoliberal capitalism has fostered

20274-429: The fringes of Chilean economic and political thought for a number of years, as the presidency of Salvador Allende (1970–1973) brought about a socialist reorientation of the economy. During the Allende presidency, Chile experienced a severe economic crisis, in which inflation peaked near 150%. Following an extended period of social unrest and political tension, as well as diplomatic, economic, and covert pressure from

20460-485: The gloves off", goes on to assert that the term was largely unknown by the general public in 1998, particularly in the United States . Lester Spence uses the term to critique trends in Black politics, defining neoliberalism as "the general idea that society works best when the people and the institutions within it work or are shaped to work according to market principles". According to Philip Mirowski , neoliberalism views

20646-501: The government size. Military budget rose to 9.2% of GDP by 2007 to strengthen the nation's defense capability. The government pursued a zero-tolerance policy towards crime. Saakashvili appointed Kakha Bendukidze as the Minister of Economy to implement economic liberalization and rapid privatization . Georgia's economy grew 70% between 2003 and 2013, and per capita income roughly tripled. However, poverty only marginally declined. At

20832-437: The government, which was received with disapproval by Fujimori. USAID would go on to assist the Fujimori government with rewriting the 1993 Peruvian constitution, with the agency concluding in 1997 that it helped with the "preparation of legislative texts" and "contributed to the emergence of a private sector advisory role". The policies promoted by de Soto and implemented by Fujimori eventually caused macroeconomic stability and

21018-438: The growth of a view of history which denies all absolute moral standards and by the growth of theories which question the desirability of the rule of law. It holds further that they have been fostered by a decline of belief in private property and the competitive market...[This group's] object is solely, by facilitating the exchange of views among minds inspired by certain ideals and broad conceptions held in common, to contribute to

21204-405: The high interest rates of the period which—while stabilizing inflation—hampered investment and contributed to widespread bankruptcy in the banking industry. Other scholars fault governmental departures from the neoliberal agenda ; for instance, the government pegged the Chilean peso to the US dollar, against the wishes of the Chicago Boys, which economists believe led to an overvalued peso. After

21390-421: The idea that the word is nothing more than a political slur, or a term without any analytic power". Gary Gerstle argues that neoliberalism is a legitimate term, and describes it as "a creed that calls explicitly for unleashing capitalism's power." He distinguishes neoliberalism from traditional conservatism, as the latter values respect for traditions and bolstering the institutions which reinforce them, whereas

21576-401: The ideas of those who attended the 1938 colloquium. As a result, there is controversy as to the precise meaning of the term and its usefulness as a descriptor in the social sciences , especially as the number of different kinds of market economies have proliferated in recent years. Unrelated to the economic philosophy described in this article, the term "neoliberalism" is also used to describe

21762-485: The immediate suffering of poor Peruvians who saw unregulated prices increase rapidly. Those living in poverty saw prices increase so much that they could no longer afford food. The New York Times wrote that de Soto advocated for the collapse of Peru's society, with the economist saying that a civil crisis was necessary to support the policies of Fujimori. Fujimori and de Soto would ultimately break their ties after de Soto recommended increased involvement of citizens within

21948-466: The increased economic freedom he believed the neoliberal reforms had brought had put pressure on the dictatorship over time, resulting in a gradual increase in political freedom and, ultimately, the restoration of democracy. The Chilean scholars Javier Martínez and Alvaro Díaz reject this argument, pointing to the long tradition of democracy in Chile. They assert that the defeat of the Pinochet regime and

22134-477: The individual and the voluntary group are progressively undermined by extensions of arbitrary power. Even that most precious possession of Western Man, freedom of thought and expression, is threatened by the spread of creeds which, claiming the privilege of tolerance when in the position of a minority, seek only to establish a position of power in which they can suppress and obliterate all views but their own...The group holds that these developments have been fostered by

22320-532: The interventionist excesses of the Erhard ministry and the ordoliberals, Mises wrote: "I have no illusions about the true character of the politics and politicians of the social market economy". According to Mises, Erhard's teacher Franz Oppenheimer "taught more or less the New Frontier line of" President Kennedy's "Harvard consultants ( Schlesinger , Galbraith , etc.)". In Germany, neoliberalism at first

22506-432: The label "neoliberalism", criticized that development tendency and pressed for a more limited welfare program. Hayek did not like the expression "social market economy", but stated in 1976 that some of his friends in Germany had succeeded in implementing the sort of social order for which he was pleading while using that phrase. In Hayek's view, the social market economy's aiming for both a market economy and social justice

22692-477: The leading economic reformer in the world . The Abkhaz–Georgian and Georgian-Ossetian conflicts continued during Saakashvili's presidency and saw a major escalation in 2008, which saw Russia officially announcing its support for separatists in Abkhazia and South Ossetia . Saakashvili led Georgia through the 2008 Russo-Georgian War , which ended after five days of fighting by a ceasefire agreement negotiated by

22878-526: The leading economic reformer in the world, and the country ranked 8th in terms of ease of doing business - while most of the country's neighbours are ranked somewhere in the hundreds. The World Bank noted a significant improvement in living conditions in Georgia, reporting that "Georgia's transformation since 2003 has been remarkable. The lights are on, the streets are safe, and public services are corruption free." Doing Business report founder Simeon Dyankov has given Georgia as an example to other reformers during

23064-482: The liberal focus on individualism and economic freedom must not be abandoned to collectivism. For decades after the formation of the Mont Pelerin Society , the ideas of the society would remain largely on the fringes of political policy, confined to a number of think-tanks and universities and achieving only measured success with the ordoliberals in Germany , who maintained the need for strong state influence in

23250-498: The like. This is the Georgian standard keyboard layout. The standard Windows keyboard is essentially that of manual typewriters . Georgian is an agglutinative language . Certain prefixes and suffixes can be joined in order to build a verb. In some cases, one verb can have up to eight different morphemes in it at the same time. An example is ageshenebinat ('you [all] should've built [it]'). The verb can be broken down to parts: a-g-e-shen-eb-in-a-t . Each morpheme here contributes to

23436-571: The long-term priority for the country is to advance its membership in the European Community and during a meeting with Javier Solana , he said that in contrast with new and old European states, Georgia is an Ancient European state. On 10 May 2005, while U.S. President George W. Bush was giving a speech in Tbilisi's Freedom Square , Vladimir Arutyunian threw a live hand grenade at where Saakashvili and Bush were sitting. It landed in

23622-442: The market as the greatest information processor, superior to any human being. It is hence considered as the arbiter of truth. Adam Kotsko describes neoliberalism as political theology , as it goes beyond simply being a formula for an economic policy agenda and instead infuses it with a moral ethos that "aspires to be a complete way of life and a holistic worldview, in a way that previous models of capitalism did not." Neoliberalism

23808-472: The meaning of the verb tense or the person who has performed the verb. The verb conjugation also exhibits polypersonalism ; a verb may potentially include morphemes representing both the subject and the object. In Georgian morphophonology , syncope is a common phenomenon. When a suffix (especially the plural suffix - eb -) is attached to a word that has either of the vowels a or e in the last syllable, this vowel is, in most words, lost. For example, megob

23994-404: The mid-1980s, after French philosopher Michel Foucault brought attention to it. At a base level we can say that when we make reference to 'neoliberalism', we are generally referring to the new political, economic and social arrangements within society that emphasize market relations, re-tasking the role of the state, and individual responsibility . Most scholars tend to agree that neoliberalism

24180-427: The miserable state of public services unaltered – most clearly in the case of health services." The candidacy of Pedro Castillo in the 2021 Peruvian general election brought attention to the disparities between urban and rural Peruvians, with much of his support being earned in the exterior portions of the country. Castillo ultimately won the election, with The New York Times reporting his victory as

24366-473: The most important old age income source for a majority of the German population, therefore despite liberal rhetoric the 1950s witnessed what has been called a "reluctant expansion of the welfare state". To end widespread poverty among the elderly the pension reform of 1957 brought a significant extension of the German welfare state which already had been established under Otto von Bismarck . Rüstow, who had coined

24552-469: The nation and the establishment of a neoliberal economy in Peru. During his campaigning for the 1990 Peruvian general election , Alberto Fujimori initially expressed concern against the proposed neoliberal policies of his opponent Mario Vargas Llosa . Peruvian magazine Oiga reported that, following the election, the armed forces were unsure of Fujimori's willingness to fulfill the plan's objectives, though they planned to convince Fujimori to agree to

24738-577: The national health system of Peru" during the period of forced sterilizations. At least 300,000 Peruvians were victims of forced sterilization by the Fujimori government in the 1990s, with the majority being affected by the PNSRPF . The policy of sterilizations resulted in a generational shift that included a smaller younger generation that could not provide economic stimulation to rural areas, making such regions more impoverished. Though economic statistics show improved economic data in Peru in recent decades,

24924-623: The neoliberal policies of the Chicago boys. Some scholars attribute the successes to the re-regulation of the banking industry and a number of targeted social programs designed to alleviate poverty. Others say that while the economy had stabilized and was growing by the late 1980s, inequality widened: nearly 45% of the population had fallen into poverty while the wealthiest 10% had seen their incomes rise by 83%. According to Chilean economist Alejandro Foxley , when Pinochet finished his 17-year term by 1990, around 44% of Chilean families were living below

25110-457: The new meaning of neoliberalism became established as common usage among Spanish-speaking scholars, it diffused into the English-language study of political economy . By 1994 the term entered global circulation and scholarship about it has grown over the last few decades. An early use of the term in English was in 1898 by the French economist Charles Gide to describe the economic beliefs of

25296-596: The new president to intensify his efforts towards bringing the breakaway South Ossetia back under the Georgian jurisdiction. The separatist authorities responded with intense militarization in the region, that led to armed clashes in August 2004. A stalemate ensued, and despite a peace plan proposed by the Georgian government in 2005, the conflict remains unresolved. In late July 2006, Saakashvili's government dealt successfully with another major crisis , this time in Abkhazia's Kodori Gorge where Georgia's police forces disarmed

25482-621: The number of its troops in Iraq , making Georgia one of the biggest supporters of Coalition Forces , and keeping its troops in Kosovo and Afghanistan to "contribute to what it describes as global security". Saakashvili's government maintained diplomatic relations with other Caucasian states and Eastern European countries with Western orientation , such as Armenia , Azerbaijan , Estonia , Latvia , Lithuania , Poland , Romania , Turkey and Ukraine . In 2004, Saakashvili visited Israel to attend

25668-571: The official opening of the Modern Energy Problems Research Center, and Dr. Brenda Schaffer, the director of the centre, described Saakashvili as the Nelson Mandela of the 21st century. In August of the same year, Saakashvili, who holds an honorary doctorate from the University of Haifa , travelled to Israel to attend the opening of the official Week of Georgian-Jewish Friendship, held under the auspices of

25854-470: The operation prior to his inauguration. After taking office, Fujimori abandoned his campaign's economic platform, adopting more aggressive neoliberal policies than those espoused by his election competitor Vargas Llosa. With Fujimori's compliance, plans for a coup as designed in Plan Verde were prepared for two years and finally executed during the 1992 Peruvian coup d'état , which ultimately established

26040-433: The percentage of the Chilean population living in poverty rose from 17% in 1969 to 45% in 1985 at the same time government budgets for education, health and housing dropped by over 20% on average. The era was also marked by economic instability. Overall, scholars have mixed opinions on the effects of the neoliberal reforms. The CIA World Factbook states that Chile's "sound economic policies", maintained consistently since

26226-588: The poverty line. Despite years of suppression by the Pinochet junta, a presidential election was held in 1988, as dictated by the 1980 constitution (though not without Pinochet first holding another plebiscite in an attempt to amend the constitution). In 1990, Patricio Aylwin was democratically elected, bringing an end to the military dictatorship. The reasons cited for Pinochet's acceptance of democratic transition are numerous. Hayek, echoing arguments he had made years earlier in The Road to Serfdom , argued that

26412-624: The preservation and improvement of the free society. The society set out to develop a neoliberal alternative to, on the one hand, the laissez-faire economic consensus that had collapsed with the Great Depression and, on the other, New Deal liberalism and British social democracy , collectivist trends which they believed posed a threat to individual freedom. They believed that classical liberalism had failed because of crippling conceptual flaws which could only be diagnosed and rectified by withdrawing into an intensive discussion group of similarly minded intellectuals; however, they were determined that

26598-470: The president (7–16 November) and the restriction imposed on some mass media sources led to harsh criticism of the Saakashvili government both in the country and abroad. Human Rights Watch criticized the Georgian government for using "excessive" force against protesters in November and International Crisis Group warned of growing authoritarianism. Patarkatsishvili's opposition television station Imedi

26784-408: The president and his allies. The protests climaxed early in November 2007, and involved several opposition groups and the influential media tycoon Badri Patarkatsishvili . Although the demonstrations rapidly went downhill, the government's decision to use police force against the remaining protesters evolved into clashes in the streets of Tbilisi on 7 November. The declaration of state of emergency by

26970-564: The president and said that he did so to gain some political benefit and that Badri Patarkatsishvili told him to do so. Okruashvili's lawyer and other opposition leaders said his retraction had been made under duress. Georgia faced the worst crisis since the Rose Revolution. A series of anti-government demonstration were sparked, in October, by accusations of murders and corruption levelled by Irakli Okruashvili , Saakashvili's erstwhile associate and former member of his government, against

27156-480: The president of planning Patarkatsishvili's murder. Okruashvili was detained two days later on charges of extortion, money laundering, and abuse of office. However, in a videotaped confession released by the General Prosecutor's Office on 8 October 2007, in which Okruashvili pleaded guilty to large-scale bribery through extortion and negligence while serving as minister, he retracted his accusations against

27342-413: The proper role of the state . A group of "true (third way) neoliberals" centered around Rüstow and Lippmann advocated for strong state supervision of the economy while a group of old school liberals centered around Mises and Hayek continued to insist that the only legitimate role for the state was to abolish barriers to market entry. Rüstow wrote that Hayek and Mises were relics of the liberalism that caused

27528-404: The recession, Chilean economic growth rose quickly, eventually hovering between 5% and 10% and significantly outpacing the Latin American average (see chart). Additionally, unemployment decreased and the percent of the population below the poverty line declined from 50% in 1984 to 34% by 1989. This led Milton Friedman to call the period the " Miracle of Chile ", and he attributed the successes to

27714-640: The replacement of Aramaic as the literary language . By the 11th century, Old Georgian had developed into Middle Georgian. The most famous work of this period is the epic poem The Knight in the Panther's Skin , written by Shota Rustaveli in the 12th century. In 1629, a certain Nikoloz Cholokashvili authored the first printed books written (partially) in Georgian, the Alphabetum Ibericum sive Georgianum cum Oratione and

27900-551: The result of other factors; in particular, some scholars argue that after the Crisis of 1982 the "pure" neoliberalism of the late 1970s was replaced by a focus on fostering a social market economy that mixed neoliberal and social welfare policies. As a response to the 2019–20 Chilean protests , a national plebiscite was held in October 2020 to decide whether the Chilean constitution would be rewritten. The "approve" option for

28086-497: The retrenchment of New Deal programs and policies since the 1980s: neoliberalism, laissez-faire or "free market ideology". Other academics such as Susan Braedley, Med Luxton, and Robert W. McChesney, assert that neoliberalism is a political philosophy which seeks to "liberate" the processes of capital accumulation . In contrast, Frances Fox Piven sees neoliberalism as essentially hyper- capitalism . Robert W. McChesney , while defining neoliberalism similarly as "capitalism with

28272-525: The return of democracy came primarily from large-scale mass rebellion that eventually forced party elites to use existing institutional mechanisms to restore democracy. In the 1990s, neoliberal economic policies broadened and deepened, including unilateral tariff reductions and the adoption of free trade agreements with a number of Latin American countries and Canada. At the same time, the decade brought increases in government expenditure on social programs to tackle poverty and poor quality housing. Throughout

28458-549: The role of the private sector in the economy and society . Additionally, the neoliberal project is oriented towards the establishment of institutions and is inherently political in nature, extending beyond mere economic considerations. The term is rarely used by proponents of free-market policies. When the term entered into common academic use during the 1980s in association with Augusto Pinochet 's economic reforms in Chile , it quickly acquired negative connotations and

28644-410: The ruling party was able to vote down such initiatives. Despite this, Saakashvili's government also eased the legal system in some respects. His government decriminalized libel and pushed through legislation upholding freedom of speech , although he was accused of stifling the media and using the judicial system to go after his political opponents in spite of this. In December 2006, Saakashvili signed

28830-403: The salaries of state employees to the point where they could depend on their salaries rather than bribes for a living. Many oligarchs who had dominated the economy were arrested, with most agreeing to pay massive fines into the state budget in exchange for their freedom. Saakashvili reformed the economy by cutting red tape which had made business difficult, courting foreign investment, simplifying

29016-445: The society believed had produced the Great Depression. Milton Friedman , wrote in his early essay "Neo-liberalism and Its Prospects" that "Neo-liberalism would accept the nineteenth-century liberal emphasis on the fundamental importance of the individual, but it would substitute for the nineteenth century goal of laissez-faire as a means to this end, the goal of the competitive order", which requires limited state intervention to "police

29202-480: The system, establish conditions favorable to competition and prevent monopoly , provide a stable monetary framework , and relieve acute misery and distress." By the 1970s, neoliberal thought—including Friedman's—focused almost exclusively on market liberalization and was adamant in its opposition to nearly all forms of state interference in the economy. One of the earliest and most influential turns to neoliberal reform occurred in Chile after an economic crisis in

29388-503: The tax code, launching a privatization campaign, and tackling widespread tax evasion . Due to the establishment of a functioning taxation and customs infrastructure, the state budget increased by 300% within three years. The government massively upgraded infrastructure and public services. In particular, water and power infrastructure was improved to the point where it functioned effectively, schools and hospitals were renovated, more roads were laid, and new housing developments were built. As

29574-523: The term "neoliberal" as an insult or slur used by leftists against liberals and varieties of liberalism that leftists disagree with. British journalist Will Hutton called neoliberal "an unthinking leftist insult" that "stifle[s] debate." On the other hand, many scholars believe it retains a meaningful definition. Writing in The Guardian , Stephen Metcalf posits that the publication of the 2016 IMF paper "Neoliberalism: Oversold?" helps "put to rest

29760-430: The term] reduces its capacity as an analytic frame. If neoliberalism is to serve as a way of understanding the transformation of society over the last few decades, then the concept is in need of unpacking". Historian Daniel Stedman Jones has similarly said that the term "is too often used as a catch-all shorthand for the horrors associated with globalization and recurring financial crises". Several writers have criticized

29946-560: The theories they had developed in the 1930s and 1940s and contributed to West Germany's reconstruction after the Second World War. Erhard was a member of the Mont Pelerin Society and in constant contact with other neoliberals. He pointed out that he is commonly classified as neoliberal and that he accepted this classification. The ordoliberal Freiburg School was more pragmatic. The German neoliberals accepted

30132-529: The time Saakashvili took office, Georgia suffered from a stagnant economy, widespread corruption by police and state officials to the point where bribery was needed for any kind of commercial transaction, high crime rates, and severe infrastructure problems, including widespread power outages, and schools and medical facilities falling into disrepair. Saakashvili set out on a massive reform programme. He systematically fired politicians, public officials, and police officers suspected of corruption and significantly raised

30318-500: The upcoming elections. Pursuant to the Constitution of Georgia , Saakashvili resigned on 25 November to launch his pre-election campaign for early presidential polls. On 5 January 2008, an early presidential election was held nationwide, with the exception of the highland village of Shatili , where the polling station was not opened due to high levels of snowfall. In a televised address, President Saakashvili had proposed to hold

30504-485: The wealth earned between 1990 and 2020 was not distributed throughout the country; living standards showed disparities between the more-developed capital city of Lima and similar coastal regions while rural provinces remained impoverished. Sociologist Maritza Paredes of the Pontifical Catholic University of Peru stated, "People see that all the natural resources are in the countryside but all

30690-485: The will to deal with it, warning that "current developments in Georgia will turn the country into a criminal enclave in one or two years." Having resigned from the government and quit the Shevardnadze-run Union of Citizens of Georgia party, Saakashvili founded the United National Movement (UNM) in October 2001, a centre-right political party with a touch of nationalism , to provide a focus for part of

30876-561: The working class were reduced. In 1982, Chile again experienced a severe economic recession . The cause of this is contested but most scholars believe the Latin American debt crisis —which swept nearly all of Latin America into financial crisis—was a primary cause. Some scholars argue the neoliberal policies of the Chicago boys heightened the crisis (for instance, percent GDP decrease was higher than in any other Latin American country) or even caused it; for instance, some scholars criticize

31062-399: The world are accepted in mainstream linguistics. Among the Kartvelian languages, Georgian is most closely related to the so-called Zan languages ( Megrelian and Laz ); glottochronological studies indicate that it split from the latter approximately 2700 years ago. Svan is a more distant relative that split off much earlier, perhaps 4000 years ago. Standard Georgian is largely based on

31248-648: The world's first test case for 'neoliberal' economics." The turn to neoliberal policies in Chile originated with the Chicago Boys , a select group of Chilean students who, beginning in 1955, were invited to the University of Chicago to pursue postgraduate studies in economics. They studied directly under Milton Friedman and his disciple, Arnold Harberger , and were exposed to Friedrich Hayek . Upon their return to Chile, their neoliberal policy proposals—which centered on widespread deregulation , privatization , reductions to government spending to counter high inflation, and other free-market policies —would remain largely on

31434-573: The world. The term neoliberalism has become increasingly prevalent in recent decades. It has been a significant factor in the proliferation of conservative and right-libertarian organizations, political parties , and think tanks , and predominantly advocated by them. Neoliberalism is often associated with a set of economic liberalization policies, including privatization , deregulation , consumer choice , globalization , free trade , monetarism , austerity , and reductions in government spending . These policies are designed to increase

31620-436: Was a muddle of inconsistent aims. Despite his controversies with the German neoliberals at the Mont Pelerin Society, Ludwig von Mises stated that Erhard and Müller-Armack accomplished a great act of liberalism to restore the German economy and called this "a lesson for the US". According to different research Mises believed that the ordoliberals were hardly better than socialists. As an answer to Hans Hellwig's complaints about

31806-569: Was adopted by the  Parliament of Georgia  in 2011. The Act restricted the state's ability to interfere in the economy, and was aimed at reducing the state expenses and debt by 30% and 60%, respectively. It also explicitly prohibited the Government from changing taxes without a popular referendum on rates and structure. Due to his government's economic reforms, Georgia's economy grew 70% between 2003 and 2013, and per capita income roughly tripled. However, poverty only marginally declined. At

31992-401: Was an outcome of the bloodless Rose Revolution and a consequent resignation of President Eduard Shevardnadze . It is well known for a very high level of electoral turnout and also for the number of votes cast for one particular presidential candidate – Mikheil Saakashvili (96%). All other candidates received less than 2% of the votes. In total, 1,763,000 eligible voters participated in

32178-468: Was appointed as the Minister of Education and Science. Zaza Gamcemlidze, former director of Tbilisi Botanic Garden , took over the position of the Minister of Natural Resources and Nature Protection. Famous archaeologist, and already the eldest minister in the cabinet, Iulon Gagoshidze was appointed on a newly designated position of the Minister of State for Diasporas. Georgian language Georgian

32364-519: Was brought under control. Between 1970 and 1985 the infant mortality rate in Chile fell from 76.1 per 1000 to 22.6 per 1000, the lowest in Latin America. Unemployment from 1980 to 1990 decreased, but remained higher than the South American average (which was stagnant). And despite public perception among Chileans that economic inequality has increased, Chile's Gini coefficient has in fact dropped from 56.2 in 1987 to 46.6 in 2017. While this

32550-399: Was employed principally by critics of market reform and laissez-faire capitalism . Scholars tended to associate it with the theories of economists working with the Mont Pelerin Society , including Friedrich Hayek , Milton Friedman , Ludwig von Mises , and James M. Buchanan , along with politicians and policy-makers such as Margaret Thatcher , Ronald Reagan , and Alan Greenspan . Once

32736-413: Was inherently social and did not need to be made so. He hoped that growing prosperity would enable the population to manage much of their social security by self-reliance and end the necessity for a widespread welfare state. By the name of Volkskapitalismus , there were some efforts to foster private savings. Although average contributions to the public old age insurance were quite small, it remained by far

32922-407: Was marked by the willingness to place humanistic and social values on par with economic efficiency. Alfred Müller-Armack coined the phrase "social market economy" to emphasize the egalitarian and humanistic bent of the idea. According to Boas and Gans-Morse, Walter Eucken stated that "social security and social justice are the greatest concerns of our time". Erhard emphasized that the market

33108-637: Was named "man of the year" by a panel of journalists and human rights advocates in 1997. In January 2000, Saakashvili was appointed vice-president of the Parliamentary Assembly of the Council of Europe . On 12 October 2000, Saakashvili became Minister of Justice for the government of President Shevardnadze. He initiated major reforms in the Georgian criminal justice and prisons system. This earned praise from international observers and human rights activists. But, in mid-2001, he became involved in

33294-521: Was placed in the No. 12 penitentiary facility in Rustavi . President of Georgia Salome Zourabichvili stated that she would "never" pardon Saakashvili. He has been transferred to hospital numerous times due to his health condition and since May 2022 is being treated in a civilian clinic in Tbilisi. Saakashvili was born in Tbilisi on 21 December 1967, capital of the then Georgian Soviet Socialist Republic in

33480-403: Was raided by the police and transformed into a pro-government channel. Another wave of protests erupted in 2009 . In May 2011, the government again violently responded to the opposition protests staged by Saakashvili's former ally Nino Burjanadze . Saakashvili was embroiled in a number of scandals, the most important ones relating to the beating of the opposition politician Valery Gelashvili and

33666-439: Was seen as giving way to a social liberal desire to control markets. This shift in thinking was shaped by the Great Depression and manifested in policies designed to counter the volatility of free markets . One motivation for the development of policies designed to mitigate the volatility of capitalist free markets was a desire to avoid repeating the economic failures of the early 1930s, which have been attributed, in part, to

33852-464: Was shut down in November 2007 after the authorities accused it of complicity with the plot to overthrow the elected government. The channel resumed broadcasts a few weeks after the incident, but did not cover news or talk shows until after the election. Subsequently, the station was sold to supporters of the Saakashvili government and some Georgian journalists have called for the station to be handed back. On 8 November 2007, President Saakashvili announced

34038-484: Was sworn in as president in Tbilisi on 25 January 2004. Immediately after the ceremony he signed a decree establishing a new state flag . On 26 January, in a ceremony held at the Tbilisi Kashueti Church of Saint George, he promulgated a decree granting permission for the return of the body of the first president of Georgia, Zviad Gamsakhurdia , from Grozny ( Chechen Republic ) to Tbilisi and renaming

34224-463: Was synonymous with both ordoliberalism and social market economy. But over time the original term neoliberalism gradually disappeared since social market economy was a much more positive term and fit better into the Wirtschaftswunder (economic miracle) mentality of the 1950s and 1960s. In the 1980s, numerous governments in Latin America adopted neoliberal policies. Chile was among

34410-637: Was the governor of Ukraine's Odesa Oblast . He is the founder and former chairman of the United National Movement party. Saakashvili heads the executive committee of Ukraine's National Reform Council since 7 May 2020. In 2021 he began serving a six-year prison sentence in Georgia on charges of abuse of power and organization of an assault occasioning grievous bodily harm against an opposition lawmaker Valery Gelashvili . Saakashvili entered Georgian politics in 1995. He served as member of parliament and minister of justice under President Eduard Shevardnadze . Saakashvili later moved to opposition, establishing

34596-498: Was the journalist Charles Peters , who, in 1983, published "A Neoliberal's Manifesto". Historian Elizabeth Shermer argued that the term gained popularity largely among left-leaning academics in the 1970s to "describe and decry a late twentieth-century effort by policymakers, think-tank experts, and industrialists to condemn social-democratic reforms and unapologetically implement free-market policies"; economic historian Phillip W. Magness notes its reemergence in academic literature in

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