Difference between revisions of "Washington Consensus"
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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|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. | 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|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. | ||
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| + | == External links and references == | ||
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| + | * [http://www.iie.com/publications/papers/williamson0204.pdf The Washington Consensus as Policy Prescription for Development, Institute for International Economics] | ||
| + | * [http://www.foreignaffairs.com/articles/67456/nancy-birdsall-and-francis-fukuyama/the-post-washington-consensus "The Post-Washington Consensus", by Foreign Affairs] | ||
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
Latest revision as of 08:46, 8 April 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.
