The neoliberal State, prevalent in the era of globalization, emphasizes minimal government intervention in the economy, free-market principles, and deregulation.

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This approach, influenced by neoliberal economic theories, strives to enhance efficiency and economic growth. Key aspects of the neoliberal State include:

Market-oriented Policies: Neoliberal States often implement policies favoring market forces, privatization of state-owned enterprises, and reduced government involvement in economic activities.
Trade Liberalization: Embracing globalization, neoliberal States prioritize open markets and international trade, aiming to enhance competitiveness and attract foreign investment.
Deregulation: Neoliberalism advocates for the removal of restrictions on businesses, promoting a flexible and competitive market environment. This is believed to encourage innovation and economic efficiency.
Reduced Welfare State: Neoliberalism tends to advocate for limited social welfare programs, emphasizing individual responsibility and free-market mechanisms to address societal needs.
Financial Liberalization: Neoliberal States often support financial market deregulation, allowing greater freedom for capital flows and international financial transactions.
Global Economic Integration: Neoliberalism aligns with the trend of global economic integration, encouraging countries to participate in the global economy and collaborate on trade and investment.

Critics argue that the neoliberal State can exacerbate income inequality, lead to social disparities, and sometimes result in economic instability, as seen in financial crises. Despite the criticisms, the neoliberal State has significantly influenced economic policies worldwide during the era of globalization.