From my simple understanding, neoliberal seemed to be a derogatory term associated with foreign policy tied to globalisation and the IMF. Recently I've been browsing through various online forums like the neolibral subreddit and some of the things I've noticed is
the users seemed to pride themselves in their support for evidence based policies
high regard for consensuses in contemporary academic economics as a basis for policy
support for free trade and anti protectionist policies (which might be a natural consequence of 2)
is Neoliberalism basically support for party platforms based on evidence based policies in all aspects ?
A new word to signify the old ideas associated with the free-market capitalism.
Generally means economic liberalization, privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector (source, Wikpedia).
In addition to what is already stated, neoliberalism is a capitalist policy that tends to favor private enterprise and seeks to give control of economic factors to the private sector while taking it away from the government. This idea is often associated with former Prime Minister Margaret Thatcher and 40th president of the United States Ronald Reagan. It has been seen as something that can take the pressure off the government through the private sector. In contrast, others claim that it is a policy that gives corporations too much power while worsening economic inequality.