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The discrete charm of the Washington consensus

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Author Info

  • Jan Kregel

Abstract

Over the last two centuries in Latin America a Washington Consensus development strategy based on integration in the global trading system has dominated domestic demand management and industrialization "from within." This paper assesses the performance of each from the point of view of the impact of external conditions, and the validity of its underlying theory. It concludes by noting that replacing the Consensus will require not only a reform of the international financial architecture, but a return to the integrated policy framework represented in the Havana Charter.

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=G67Q30K9267082P6
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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 30 (2008)
Issue (Month): 4 (July)
Pages: 541-560

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Handle: RePEc:mes:postke:v:30:y:2008:i:4:p:541-560

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

Related research

Keywords: development finance; financial crisis; Latin American development; Washington consensus;

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Cited by:
  1. Carabelli, Anna & Cedrini. Mario, 2013. "Globalization and Keynes's Ideal of a 'Sounder Political Economy between All Nations," CESMEP Working Papers 201305, University of Turin.

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