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 in its series Economics Working Paper Archive with number wp_533.
Date of creation: Apr 2008
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Other versions of this item:
- Jan Kregel, 2008. "The discrete charm of the Washington consensus," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., M.E. Sharpe, Inc., vol. 30(4), pages 541-560, July.
- 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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- 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, University of Turin
201349, University of Turin.
- Carabelli, Anna & Cedrini. Mario, 2013. "Globalization and Keynes's Ideal of a 'Sounder Political Economy between All Nations," CESMEP Working Papers, University of Turin 201305, University of Turin.
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