Reform, Reform the Reforms or Simply Regression? The Washington Consensus' and its Critics
AbstractThe 'Washington Consensus' analysis and policies are being disputed both analytically and for their effectiveness.This paper surveys first the debate on the definition of the 'Washington Consensus' vis-a-vis its apparent developmental shortcomings. Then it surveys the major areas where the 'Washington Consensus' isjudged as a failure (with articular emphasis on the crises of the 1990s).In the next part it presents the main responses to the 'crisis' of the 'Washington Consensus'. Its supporters are categorised in tre fundamentalists and the reformists whereas its opponents are divided in the post-Washington Consensus adherents and the Marxist critics. It is argued that the Marxist perspective offers a superior understanding and critique of the 'Washington Consensus'.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19735.
Date of creation: 2007
Date of revision:
Development; WashingtonConsensus; Political Economy;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dani Rodrick, 2003.
Economics working papers, Department of Economics, Johannes Kepler University Linz, Austria
2003-17, Department of Economics, Johannes Kepler University Linz, Austria.
- Rodrik, Dani, 2003. "Growth Strategies," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4100, C.E.P.R. Discussion Papers.
- Dani Rodrik, 2003. "Growth Strategies," NBER Working Papers, National Bureau of Economic Research, Inc 10050, National Bureau of Economic Research, Inc.
- Paul W. Miller & Jonathan J. Pincus, 2010. "Introduction," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 86(s1), pages 1-1, 09.
- Rodnik, Dani, 1992. "Conceptual issues in the design of trade policy for industrialization," World Development, Elsevier, Elsevier, vol. 20(3), pages 309-320, March.
- Richard Kozul-Wright & Paul Rayment, 2004. "Globalization Reloaded: An Unctad Perspective," UNCTAD Discussion Papers, United Nations Conference on Trade and Development 167, United Nations Conference on Trade and Development.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.