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Neo-Liberalism: A Contextual Framework for Assessing the Privatisation of Intergovernmental Satellite Organisations

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Chapter Summary

The policy of reforming and privatising the telecommunications sector rapidly diffused on a global basis starting in the 1990s. The developments at the end of that decade relating to the privatisation and restructuring of the intergovernmental satellite organisations, namely, the International Telecommunications Satellite Organisation (INTELSAT), the International Mobile Satellite Organisation (INMARSAT) and the European Telecommunication Satellite Organisation (EUTELSAT), would appear to be the natural extension of the tenets of neo-liberalism. This chapter seeks to assess these developments in the broader context of evolving tenets of neo-liberalism, including its affects on the global economy, developing states, and international institutions. Neo-liberalism and its accompanying views toward increased international trade and investment as the route by which all countries can most effectively improve standards of living have been exported across the world. The chapter concludes that it is difficult to overstate the breath of neo-liberalism since neo-liberal theory has become hegemonic.

Keywords: European Telecommunication Satellite Organisation (EUTELSAT); International Mobile Satellite Organisation (INMARSAT); International Telecommunications Satellite Organisation (INTELSAT); neo-liberalism



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