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The term Washington consensus was coined by John. Williamson (1990) to encapsulate the set of policy reforms advocated with a reasonable degree of con- sensus by international financial institutions, the. U.S. government, the Federal Reserve Board, and the leading think tanks based in Washington. Those policies were
The ten Commandments of the Washington Consensus. 1. Fiscal Discipline. This was in the context of a region where almost all the countries had run large deficits that led to balance of payments crises and high inflation that hit mainly the poor because the rich could park their money abroad. 2. Reordering Public
The Washington Consensus. Assessing a Damaged Brand. Nancy Birdsall. Augusto de la Torre. Felipe Valencia Caicedo. The World Bank. Office of the Chief Economist. Latin America and the Caribbean Region. &. Center for Global Development. May 2010. WPS5316. Public Disclosure Authorized. Public Disclosure
WASHINGTON CONSENSUS? By John Williamson, Senior Fellow. Institute for International Economics. Paper prepared as a background to the World Bank's World Development Report 2000. July 1999. The author is indebted to the participants in a PREM Week session where an early version of the paper was discussed
The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary Fund (IMF), World Bank, and the US Treasury Department. The term
From Washington Consensus to Inclusive Growth. Alfredo Saad-Filho. Alfredo Saad-Filho is Professor of Political Economy at the School of Oriental and African Studies,. University of London. Comments should be addressed by e-mail to the author: as59@soas.ac.uk. Abstract. This paper reviews recent economic policy
The Washington Consensus as Policy Prescription for Development. John Williamson. Senior Fellow, Institute for International Economics. A lecture in the series "Practitioners of Development" delivered at the World Bank on. January 13, 2004. The author is indebted to colleagues at the Institute for International. Economics
developing countries that he deemed broadly supported by policymakers in Washington. Dubbed the “Washington Consensus", it addressed economic policy instruments perceived by those in Washington to be important to both the growth of developing countries and their ability to secure financial support and investment.
Introduction: From the Washington Consensus Towards a New. Global Governance. 3. Narcis Serra, Shari Spiegel, and Joseph E. Stiglitz. 2. A Short History of the Washington Consensus. 14. John Williamson. 3. Inequality and Redistribution. 31. Paul Krugman. 4. Is there a Post-Washington Consensus Consensus? 41.
comments on the Washington Consensus at the pre-conference and to Noa Heymann and Sharona Cooperman of the Bank of Israel, and Randy Henning and John Williamson, for their assistance. Everyone who has had to think about economic development, or open econo- mies and exchange rates, or the (sometimes
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