1. Theory: To ensure its dominance, the US restructured the world economy through neo-liberal policies
such as deregulation and liberalization.
Deregulation: put simply, deregulation means limiting government control over market forces.
Liberalization: The trade liberalization program invariably consists of the elimination of import quotas
and the reduction and unification of tariffs. Aim: To create new markets for its surplus products and
excess capital.