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 both 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 reform of the international financial architecture but also a return to the integrated policy framework represented in the Havana Charter.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Working Paper Archive with number wp_533.
Date of creation: Apr 2008
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Web page: http://www.levyinstitute.org
Other versions of this item:
- NEP-ALL-2008-05-05 (All new papers)
- NEP-HPE-2008-05-05 (History & Philosophy of Economics)
- NEP-PKE-2008-05-05 (Post Keynesian Economics)
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