International Development and the Washington Consensus
International Development and the Washington Consensus

Author: John Marangos

Publisher:

Published: 2020

Total Pages: 234

ISBN-13: 9780367200053

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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.

International Development and the Washington Consensus
International Development and the Washington Consensus

Author: John Marangos

Publisher: Routledge

Published: 2020

Total Pages: 234

ISBN-13: 9780429244650

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"With this book, John Marangos offers an insightful historical 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 through the lenses of neoclassical economics, Post-Keynesian economics, Institutional economics and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant neoclassical development paradigm, and enables readers to identify the inter-connections, inter-relationships and inter-contradictions between different frameworks and policies. It will be valuable supplementary reading for students, researchers and policymakers in international development, development economics, heterodox economics and the history of economic thought"--

Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development
Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development

Author: Imad A Moosa

Publisher: World Scientific

Published: 2021-07-02

Total Pages: 371

ISBN-13: 9811236798

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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
After the Washington Consensus

Author: Pedro-Pablo Kuczynski

Publisher: Columbia University Press

Published: 2003-03-26

Total Pages: 386

ISBN-13: 0881324515

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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.

The Washington Consensus Reconsidered
The Washington Consensus Reconsidered

Author: Narcís Serra

Publisher: OUP Oxford

Published: 2008-04-24

Total Pages: 399

ISBN-13: 0191538604

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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.

Development Policy in the Twenty-First Century
Development Policy in the Twenty-First Century

Author: Ben Fine

Publisher: Routledge

Published: 2003-09-02

Total Pages: 241

ISBN-13: 1134402333

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The Post-Washington Consensus has succeeded in becoming the new theoretical underpinning for the World Bank's Structural Adjustment policies in developing countries. This broad-ranging critique explains that without a much broader political economy the Post-Washington 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 highly recommended to advanced students and professionals

Economic Growth in the 1990s
Economic Growth in the 1990s

Author: World Bank

Publisher: World Bank Publications

Published: 2005

Total Pages: 384

ISBN-13: 9780821360439

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This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.

Deconstructing Human Development
Deconstructing Human Development

Author: Juan Telleria

Publisher: Routledge

Published: 2020-12-09

Total Pages: 134

ISBN-13: 9781003043652

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"This book provides a critical deconstruction of the human development framework promoted by the United Nations Development Programme (UNDP) since 1990. Taking the Human Development Reports of the UNDP as its starting point for reflection, this book investigates the construction of this framework as well as its political function since the end of the Cold War. The book argues that the UNDP's discourse on development relies on essentialist philosophical, cultural and political assumptions dating back to the 19th century and concludes that these assumptions - also present in the MDGs and SDGs - impede a full grasp of the complex and multi-layered global problems of the current world. Whilst development critiques traditionally relied on liberal, Marxist or Foucauldian theoretical frameworks and focused on epistemological or political economy issues, this book draws on the post-foundational and post-structuralist work of Ernesto Laclau and Jacques Derrida and proposes an ontological and relational reading of development discourses that both complements and further develops the insights of previous critiques. This book is key reading for advanced students and researchers of Critical Development Studies, Political Science, the UN, and Sustainable Development"--

International Development and the Washington Consensus
International Development and the Washington Consensus

Author: John Marangos

Publisher: Routledge

Published: 2020-07-16

Total Pages: 225

ISBN-13: 042953485X

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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.

Finance & Development, September 2003
Finance & Development, September 2003

Author: International Monetary Fund. External Relations Dept.

Publisher: International Monetary Fund

Published: 2003-08-22

Total Pages: 60

ISBN-13: 1451952414

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This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and import-substitution trade strategies. Latin American governments championed the Consensus in the early 1990s, and the policy agenda delivered some of the things it was supposed to—healthier budgets, lower inflation, lower external debt ratios, and economic growth. But unemployment rose in many countries and poverty remained widespread, while the emphasis on market openness made states vulnerable to the side effects of globalization.