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Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.

Ordoliberalism is the German variant of economic liberalism that emphasizes the need for government to ensure that the free market produces results close to its theoretical potential but does not advocate for a welfare state.

dirigisme, an approach to economic development emphasizing the positive role of state intervention. The term dirigisme is derived from the French word diriger (“to direct”), which signifies the control of economic activity by the state. Preventing market failure was the basic rationale of this approach.

It's only in American English that it's pronounced as zee, with Candian English sometimes being the exception, depending on which option the speaker prefers. Zee became the standard way to pronounce Z in the United States in the 19th century.Sep 4, 2022