The Washington Consensus
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Washington Consensus The A Critical Evaluation Of The Principles And Implications For Economic Development
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Author : Imad A Moosa
language : en
Publisher: World Scientific
Release Date : 2021-07-02
Washington Consensus The A Critical Evaluation Of The Principles And Implications For Economic Development written by Imad A Moosa and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-02 with Business & Economics categories.
The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.
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.
International Development And The Washington Consensus
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Author : John Marangos
language : en
Publisher: Routledge
Release Date : 2020-07-16
International Development And The Washington Consensus written by John Marangos and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-16 with Business & Economics categories.
In this book, John Marangos offers an insightful analytical and theoretical review of the Washington Consensus and its successors among the mainstream. Following an intuitive structure, it explores international development and the Washington Consensus, as a critique through the lenses of Neoclassical economics, Post Keynesian economics, Institutional economics, and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant development paradigm, and enables readers to identify the interconnections, interrelationships, and intercontradictions between different frameworks and policies. It will be a valuable supplementary reading for students, researchers, and policymakers in international development, development economics, heterodox economics, and the history of economic thought.
The Washington Consensus
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Author : Imad A. Moosa
language : en
Publisher:
Release Date : 2021
The Washington Consensus written by Imad A. Moosa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Developing countries categories.
"The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the "ten commandments") are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights). The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as "polemic", the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries"--
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.
Diversity In Development
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Author : Jan Joost Teunissen
language : en
Publisher: 대외경제정책연구원
Release Date : 2005
Diversity In Development written by Jan Joost Teunissen and has been published by 대외경제정책연구원 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Developing countries categories.
The New Development Economics
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Author : Jomo K.S.
language : en
Publisher: Zed Books
Release Date : 2006
The New Development Economics written by Jomo K.S. and has been published by Zed Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
This volume provides a critique of the post-Washington Concensus in neoliberal economics.
Development Policy In The Twenty First Century
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Author : Ben Fine
language : en
Publisher: Taylor & Francis
Release Date : 2023-05-09
Development Policy In The Twenty First Century written by Ben Fine and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-09 with Business & Economics categories.
This excellent book, newly available in paperback, addresses the growing dissatisfaction with the neo-liberal post-Washington consensus. The concern of the contributors in writing this collection was that this consensus has established itself as a new orthodoxy, more powerful and widespread than its predecessor. This broad-ranging critique explains that without a much broader political economy the consensus is unlikely to provide a coherent framework for successful development policies. Development Policy in the 21st Century is unique in its depth and assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate the reader's understanding of this important area, and is required reading for any student, academic or interested reader that wishes to understand one of the most important issues in international economics.
Some Fundamental Inadequacies Of The Washington Consensus
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Author : Wing Thye Woo
language : en
Publisher:
Release Date : 2004
Some Fundamental Inadequacies Of The Washington Consensus written by Wing Thye Woo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
The Washington Consensus suffers from fundamental inadequacies, and that a more comprehensive framework of the economic process is needed to guide the formulation of country-specific development strategies. The following five propositions summarise the set of interrelated arguments made in this paper: 1. The Washington Consensus was based on a wrong reading of the East Asian growth experience. This explains why some observers have called the trade regimes of Korea and Taiwan in the 1965-1980 period "free trade regimes" even though they featured extensive import tariffs and export subsidies. 2. There have been two phases to the Washington Consensus doctrine. The mantra of the first phase (Washington Consensus Mark 1) is "get your prices right", and the falsification of this first mantra led to the emergence of the second phase of the Washington Consensus doctrine. The new mantra from the Washington Consensus Mark 2 is "get the institutions right." The danger is that an elastic definition of the term "institutions" will render the current mantra intellectually vacuous. 3. While central planning went overboard in suppressing the private market economy, the Washington Consensus runs the danger of denying the state its rightful role in providing an important range of public goods. The Washington Consensus also runs the danger of denying the limitations of self-help in the case of sub-Saharan Africa by overlooking the possibility of poverty traps. 4. The Washington Consensus does not understand that the ultimate engine of growth in a predominantly private market economy is technological innovations, and that the state can play a role in facilitating technological innovations. The Washington Consensus is too hooked upon trade-led growth to acknowledge that science-led growth is becoming even more important. 5. The Washington Consensus does not recognize the constraints that geography and ecology could set on the growth potential of a country. For example, the trade-led growth strategy of East Asia cannot work with the same efficiency for a landlocked country. Foreign direct investment is also less likely to go to places that are malaria-infested.
The Rise To Dominance Of The Washington Consensus
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Author : Simone Polillo
language : en
Publisher:
Release Date : 2000
The Rise To Dominance Of The Washington Consensus written by Simone Polillo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Economic policy categories.