Abstract
This chapter demonstrates that most policies were moving towards less government and more economic freedom since 1970 until the global Crisis of 2008. Thus, reforms were undertaken in the spirit of the neo-liberal policy agenda of letting markets do their job, and limiting governments to simply set the stage for ever stronger private growth. The chapter also shows that, after 2008, governments around the world reverted to protective policy mood, unlike in many previous episodes of recessions. This is especially valid for government intervention and property rights, and, to a lesser extent, in the other economic freedom policy areas. Graphical analysis is used throughout the chapter. The overall conclusion from the chapter is that the Crisis has stalled the momentum of economic freedom reforms.
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Stankov, P. (2017). Policies and Reforms. In: Economic Freedom and Welfare Before and After the Crisis. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-62497-6_3
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DOI: https://doi.org/10.1007/978-3-319-62497-6_3
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