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Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s

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  • Alan M. Taylor
  • Antoni Estevadeordal

Abstract

According to the Washington Consensus, developing countries' growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 9298.

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Date of creation: Nov 2009
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Handle: RePEc:idb:brikps:9298

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Keywords: Trade Agreements; Integration & Trade; Globalization & Regionalization; IDB-WP-138;

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References

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Citations

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Cited by:
  1. Pinelopi Koujianou Goldberg & Amit Kumar Khandelwal & Nina Pavcnik & Petia Topalova, 2010. "Imported Intermediate Inputs and Domestic Product Growth: Evidence from India," The Quarterly Journal of Economics, MIT Press, vol. 125(4), pages 1727-1767, November.
  2. Stankov, Petar, 2010. "Deregulation, economic growth and growth acceleration," MPRA Paper 26485, University Library of Munich, Germany.
  3. Moritz Schularick & Solomos Solomou, 2011. "Tariffs and economic growth in the first era of globalization," Journal of Economic Growth, Springer, vol. 16(1), pages 33-70, March.
  4. Naito, Takumi, 2012. "A Ricardian model of trade and growth with endogenous trade status," Journal of International Economics, Elsevier, vol. 87(1), pages 80-88.
  5. NAITO Takumi, 2012. "An Eaton-Kortum Model of Trade and Growth," Discussion papers 12055, Research Institute of Economy, Trade and Industry (RIETI).
  6. repec:cge:warwcg:57 is not listed on IDEAS
  7. Crafts, Nicholas, 2011. "Economic History Matters," CAGE Online Working Paper Series 58, Competitive Advantage in the Global Economy (CAGE).
  8. Peter A. Petri, 2010. "Beyond the Golden Era: Asia Pacific Cooperation after the Global Financial Crisis," Working Papers 11, Brandeis University, Department of Economics and International Businesss School.
  9. Tarr, David, 2012. "Impact of services liberalization on industry productivity, exports and development : six empirical studies in the transition countries," Policy Research Working Paper Series 6023, The World Bank.
  10. Benjamin Brishman, 2010. "The Rise of Vertical Specialization Trade," BEA Working Papers 0051, Bureau of Economic Analysis.

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