Washington_consensus Washington_consensus

Washington consensus - Definition and Overview

The Washington Consensus is a set of policies believed to be the formula for promoting economic growth in Latin America (although not for all countries). It was first presented by John Williamson from the Institute for International Economics in 1989.

The consensus included reforms that should be undertaken from 1989 (these reforms were also summarized by the World Bank in its year 2000 Poverty Report):

Some argue that the consensus is a set of neoliberal policies that have been imposed on hapless countries by the Washington-based international financial institutions and have led them to crisis and misery. These beliefs gained adherents in the early 21st century, when Argentina experienced an economic crisis despite following much of the consensus.

External links

Example Usage of Washington

7daysnews: Obama seeks influence in region to offset China's growing power: Washington Post President Obama meets with.. http://bit.ly/5d5e0
brrohama: Analysis: 10 percent jobless is Obama's new world: The Associated Press Washington — For months he had warn.. http://bit.ly/3dVMwh
reeph: I'm at The Parkway House (Washington Road, Route 35, South Amboy). http://bit.ly/4q1FW0
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