The Washington Consensus

The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis- wracked. Washington Consensus, a set of economic policy recommendations for developing countries, and Latin America in particular, that became popular during the s. The term Washington Consensus usually refers to the level of agreement between the International Monetary Fund (IMF.

WASHINGTON CONSENSUS QUIZLET

coined by John Williamson to describe the politics that the institutions based in Washington, had come to favour the reconstruction of economies in the developing world. Based on the 'orthodox' model of 'development as modernisation' and drawing on the idea of neo-liberalisation. Start studying washington consensus. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

WASHINGTON CONSENSUS VS BEIJING CONSENSUS

If we relatively compare the “Washington Consensus” and “Beijing Consensus”, it would be rather easy to analyse which model suits the. This approach is often referred to as the Beijing Consensus (BC) as compared to the Washington Consensus (WC): the former being a model of authoritarianism.

WASHINGTON CONSENSUS PROS AND CONS

This page analyzes the policies known as the Washington Consensus. It will explain what is the Washington Consensus, examine the actors that have promoted. Summary. – The introduction of the Washington Consensus involved not simply a swing from .. The con®guration of development policy analysis: ±

MAJOR COMPONENTS OF THE WASHINGTON CONSENSUS ARE

The Washington Consensus refers to a set of free-market economic policies supported prominent financial institutions such as the International Monetary Fund, the World Bank, and the U.S. Treasury. A British economist named John Williamson coined the term Washington Consensus in. The Washington Consensus is a set of 10 economic policy prescriptions considered to . The basic ideas that I attempted to summarize in the Washington Consensus have continued to gain wider acceptance Many countries have endeavored to implement varying components of the reform packages, with implementation.

WASHINGTON CONSENSUS UPSC

Washington Consensus is a collective term used for 10 economic policy prescriptions as a part of a “standard” reform package promoted for crisis-wracked developing countries. Washington Consensus was advocated by Washington, D.C.-based institutions viz. International Monetary Fund. The Washington Consensus refers to a set of free-market economic policies supported prominent financial institutions such as the International Monetary Fund, the World Bank, and the U.S. Treasury. A British economist named John Williamson coined the term Washington Consensus in.