Final answer:
Neoliberalism is an economic ideology that advocates for free-market principles, individualism, and limited government intervention. It supports globalization rather than opposing it.
Step-by-step explanation:
Neoliberalism is an economic ideology that advocates for free-market principles, emphasizes individualism and limited government intervention, and has been characterized by both "rollback" and "rollout" events, which involve removing certain regulations while adding others. However, the statement that is NOT TRUE of neoliberalism is that it opposes globalization. In fact, neoliberalism promotes globalization by advocating for open economies, international trade, and the free movement of goods, services, and capital across borders.