For nearly four decades, particularly since the end of the Cold War, neoliberalism has underpinned the global economic order. Key tenets included deregulation, privatization, trade liberalization, and a strong belief in the efficacy of free markets. However, recent global events and shifting political landscapes are prompting questions about the future of this dominant economic model. The article suggests a potential decline of neoliberalism, raising concerns about the direction the world economy will take. This shift is occurring amidst growing criticisms of income inequality, environmental degradation, and the instability associated with unchecked market forces. The piece implies a need to reassess current economic strategies and consider alternative approaches to global economic governance. The future direction remains uncertain, but a significant change appears to be underway.
