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About: Economic liberalization in the post–World War II era     Goto   Sponge   NotDistinct   Permalink

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Directly after World War II saw many countries adopt policies of economic liberalization in order to stimulate their economies. The period directly after the war did not see many, the most notable exception being West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come. Starting with Chile in 1975, various governments adopted and implemented liberal policy. The most important of these were Ronald Reagan and Margaret Thatcher, who developed the initial wave of neoliberal thought in practise.