Difference between revisions of "Washington Consensus"
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Revision as of 15:25, 25 March 2014
A set of ten economic policies laid out by John Williamson in 1989 which act as a reform guideline for developing countries in crisis. The Washington Consensus is a controversial framework in part due to its association with market fundamentalism, which has led to criticism from countries led by left wing governments, including Argentina and Venezuela. The Consensus is also unpopular among anti-globalization protesters and workers in agriculture, who often rely on subsidies to remain competitive.
