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Mark Weisbrot. Mark Alan Weisbrot is an American economist and columnist. He is co-director with Dean Baker of the Center for Economic and Policy Research (CEPR) in Washington, D.C. Weisbrot is President of Just Foreign Policy, a non-governmental organization dedicated to reforming United States foreign policy.
The term Washington Consensus usually refers to the level of agreement between the International Monetary Fund (IMF), World Bank, and U.S. Department of the Treasury on those policy recommendations. All shared the view, typically labelled neoliberal, that the operation of the free market and the reduction of state involvement were crucial to ...
The chapter argues that this is a very different usage with little support (and certainly not consensus support) in Washington. It concludes by emphasizing that the reforms listed in 1989 are not adequate for the present day, and outlines desirable directions in which to supplement them.
The Washington Consensus is a set of ten economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C. -based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. [ 1 ]
Aug 17, 2006 · Washington Consensus tenets are broken into five categories: trade liberalization, deregulation, privatization, financial liberalization and debt-crisis management. This analysis of primary texts leads to the Conclusion that the ‘Washington Consensus’ no longer prevails as an elite northern Consensus, and we are presently not only in a period of debate, but in the midst of a paradigm shift.
- Robin Broad
- 2004
May 1, 2000 · One important opinion-leader, Paul Krugman (1995), has already written the obituary of the Washington Consensus. After the Mexican crisis of 1994, he argued that the major mechanism through which its policies have worked is a speculative bubble in emerging markets in which policy reforms attracted private capital flows, and the attraction of the flows stimulated policy reforms, and that this ...
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The Washington Consensus, pp. 1-26 (2021) The following sections are included: The following sections are included: Origin and Evolution The Ten Commandments and Their Implications Arguments Against the Washington Consensus Arguments for the Washington Consensus Concluding Re...
