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The Post-Washington Consensus: Brand New Agenda or Old Wine in a New Bottle?

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  • Erlend Krogstad

Abstract

Has a constructive post-Washington Consensus actually been formed? The author of this paper cautiously believes it has. It is a consensus that recognizes the role of the state, the benefits of industrial policy, and the dangers of rapid deregulation, but that is also grounded in neoclassical principles, which produced the first Washington Consensus. Will the compromise prevail?

Suggested Citation

  • Erlend Krogstad, 2007. "The Post-Washington Consensus: Brand New Agenda or Old Wine in a New Bottle?," Challenge, Taylor & Francis Journals, vol. 50(2), pages 67-85.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:2:p:67-85
    DOI: 10.2753/0577-5132500205
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    Cited by:

    1. Susanne Lütz & Matthias Kranke, 2010. "The European Rescue of the Washington Consensus? EU and IMF Lending to Central and Eastern European Countries," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 2, London School of Economics / European Institute.
    2. Susanne Lütz & Matthias Kranke, 2010. "The European Rescue of the Washington Consensus? EU and IMF Lending to Central and Eastern European Countries," LEQS – LSE 'Europe in Question' Discussion Paper Series 22, European Institute, LSE.

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