Policy Complementarities And The Washington Consensus


Policy Complementarities And The Washington Consensus
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Policy Complementarities And The Washington Consensus


Policy Complementarities And The Washington Consensus
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Author : Mr.Jahangir Aziz
language : en
Publisher: International Monetary Fund
Release Date : 1997-09-01

Policy Complementarities And The Washington Consensus written by Mr.Jahangir Aziz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-09-01 with Business & Economics categories.


While economists continue to debate whether particular economic policies, such as those referred to in Willliamson’s (1993) “Washington Consensus,” can spur growth in developing countries, this paper demonstrates that it is combinations of policies that are more critical for growth. Policy complementarity refers to the mutually reinforcing benefits of policies that create an environment that is conducive to investment and growth. Quantitative measures of policy complementarity are developed, and the study shows empirically, through both an outcomes-based probability framework and a standard regression analysis, that these complementarities are significant and robust in explaining growth outcomes over the period 1985–95.



After The Washington Consensus


After The Washington Consensus
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Author : Pedro-Pablo Kuczynski
language : en
Publisher: Columbia University Press
Release Date : 2003-03-26

After The Washington Consensus written by Pedro-Pablo Kuczynski and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-26 with Business & Economics categories.


This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.



The Washington Consensus Reconsidered


The Washington Consensus Reconsidered
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Author : Narcís Serra
language : en
Publisher: OUP Oxford
Release Date : 2008-04-24

The Washington Consensus Reconsidered written by Narcís Serra and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-24 with Political Science categories.


This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance.



Economic Growth In The 1990s


Economic Growth In The 1990s
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2005

Economic Growth In The 1990s written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.


This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.



New Development Strategies


New Development Strategies
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Author : A. Kohsaka
language : en
Publisher: Springer
Release Date : 2004-05-24

New Development Strategies written by A. Kohsaka and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-24 with Business & Economics categories.


This edited volume examines the flaws in the Washington Consensus. The missing link identified is the relationship between market and government. The East Asian Miracle showed that the market and government are complementary, particularly with regard to economic development. However, the nature of this relationship has not been fully clarified. This book assesses development strategies and policy issues in the context of individual and/or regional economy's history and political-economic reality. The relationship may be conditional to these two factors. With these perceptions in mind, the book focuses on the role and significance of government in economic development in pursuit for new development strategies.



The Oxford Handbook Of The Politics Of Development


The Oxford Handbook Of The Politics Of Development
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Author : Carol Lancaster
language : en
Publisher: Oxford University Press
Release Date : 2018

The Oxford Handbook Of The Politics Of Development written by Carol Lancaster and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Political Science categories.


Modernization theory : does economic development cause democratization? / Jose Antonio Cheibub and James Raymond Vreeland -- Dependency theory / James Mahoney and Diana Rodriguez-Franco -- Structuralism / Elliott Green -- Political development / Robert H. Bates -- The Washington Consensus and the new political economy of economic reform / Kevin Morrison -- Penury traps and prosperity tales : why some countries escape poverty while others do not / M. Steven Fish -- Culture, politics and development / Michael Woolcock -- Religion, politics and economic development : synergies and disconnects / Katherine Marshall -- Does inequality harm economic development and democracy? : accounting for missing values, noncomparable observations, and endogeneity / Christian Houle -- Ethnicity and development / Nic Cheeseman -- Civil conflict and development / Håvard Hegre -- The politics of the resource curse : a review / Michael L. Ross -- Taxation and development / Mick Moore -- How do governments build capabilities to do great things? : ten cases, two competing explanations, one large research agenda / Matt Andrews -- Leadership and the politics of development / Adrian Leftwich and Heather Lyne De Ver -- Colonialism and development in africa / Leander Heldring and James A. Robinson -- Investment and debt / Layna Mosley -- The role of the state in harnessing trade-and-investment for development purposes / Theodore H. Moran -- International financial institutions and market liberalization in the developing world / Stephen C. Nelson -- Foreign aid and democratization in developing countries / Danielle Resnick -- Organizing for prosperity : collective action, political parties, and the political economy of development / Philip Keefer -- Missing links in the institutional chain / Anirudh Krishna -- The comparative politics of service delivery in developing countries / Evan S. Lieberman -- Party systems and the politics of development / Allen Hicken -- Populism and political representation / Kenneth M. Roberts -- Africa's political economy in the contemporary era / Peter M. Lewis -- The politics of development in Latin America and East Asia / James W. McGuire -- Development and underdevelopment in the Middle East and North Africa / Melani Cammett -- Rethinking the institutional foundations of china's hypergrowth : official incentives, institutional constraints, and local developmentalism / Fubing Su, Ran Tao, and Dali L. Yang -- The politics of growth in South Korea : miracle, crisis, and the new market economy / Stephan Haggard and Myung-Koo Kang



The Oxford Handbook Of Latin American Economics


The Oxford Handbook Of Latin American Economics
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Author : José Antonio Ocampo
language : en
Publisher: Oxford University Press
Release Date : 2011-07-28

The Oxford Handbook Of Latin American Economics written by José Antonio Ocampo and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-28 with Business & Economics categories.


A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.



Economics Of Sovereign Wealth Funds


Economics Of Sovereign Wealth Funds
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Author : Mr.Udaibir S. Das
language : en
Publisher: International Monetary Fund
Release Date : 2010-12-09

Economics Of Sovereign Wealth Funds written by Mr.Udaibir S. Das and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-09 with Business & Economics categories.


The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.



Beyond The Washington Consensus


Beyond The Washington Consensus
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Author : Shahid Javed Burki
language : en
Publisher: World Bank Publications
Release Date : 1998-01-01

Beyond The Washington Consensus written by Shahid Javed Burki and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.


This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing institutions and to evaluate how political economy concepts can be used to develop strategies for implementing institutional reforms. Employing some of these concepts, the report demonstrates that sound institutional reform can be technically and politically viable in the following key sectors: banking; capital markets and legal institutions; educational institutions; judicial reforms; and public administration.



Economic Liberalisation In Latin America


Economic Liberalisation In Latin America
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Author : Gerardo Angeles-Castro
language : en
Publisher: Routledge
Release Date : 2020-11-26

Economic Liberalisation In Latin America written by Gerardo Angeles-Castro and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-26 with Business & Economics categories.


This book explores the process of economic liberalisation in Latin America and revises the transition from the import substitution industrialisation model to market-oriented reforms. It explains the theoretical foundations of the neoliberal paradigm and the implications of the policies that were labelled as the Washington Consensus. The book also incorporates an assessment on the socio-political norms added to the orthodox prescription, the so-called Post-Washington Consensus. The study comprises a general analysis on the subcontinent and on different economic liberalisation paths, and looks at four country case studies: Mexico, Brazil, Chile, and Uruguay, from the 1980s to recent years. From this approach, the reader can analyse weaknesses and strengths, the socioeconomic performance, and the difficulties that Latin America has presented through the turbulent process of economic liberalisation, both at an early stage and over the long run, by means of country case studies encompassing the most diverse and representative styles of economic openness in the subcontinent. This allows them to identify the challenges the country faces and the appropriate policies they can follow to cope with sustained economic growth, poverty reduction, and income distribution within an economically open environment. The study is carried out by analysing and contrasting theoretical and empirical perspectives, allowing a broader understanding of the topics. The book is complementary reading for textbooks, due to the objectivity with which it addresses important and quotidian issues in the region, associating empirical and theoretical topics, and facilitating the understanding of the international political economy of Latin America. It is also suitable for practitioners and researchers, because of the depth in which it covers specific topics and the useful analysis it conducts to incorporate policy implications and suggestions for achieving equitable growth in a context of liberal markets.