The discrete charm of the Washington consensus
AbstractOver 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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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.
Volume (Year): 30 (2008)
Issue (Month): 4 (July)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348
development finance; financial crisis; Latin American development; Washington consensus;
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- 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.
- Carabelli, Anna M. & Cedrini, Mario, 2013. "Globalization and Keynes’s Ideal of a “Sounder Political Economy between all Nations," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201349, University of Turin.
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