The Washington Consensus
Date
2010-12
Authors
Symoniak, Jason D.
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Abstract
In 1989, John Williamson outlined a set of desirable economic reforms targeted at 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. Over the course of two decades, these policy instruments have been put to the test. In light of debates, disputes, and domestic and international economic crises, it is time to revisit, revise, and restate the importance of all ten policy instruments
Description
Keywords
Washington Consensus, Economic Policy