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More instruments and broader goals: moving toward the Post-Washington Consensus

Author

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  • Joseph E. Stiglitz

Abstract

In this lecture the author acknowledges the failure of the “Washington Consensus”in promoting economic growth and proposes a new consensus where the state hasagain an active role. He starts from some lessons of the Asian crisis and concludes for theneed of broadening the goals of development. JEL Classification: O16; O11.

Suggested Citation

  • Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    • Handle: RePEc:ekm:repojs:v:19:y:1999:i:1:p:101-128:id:1046
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    Keywords

    Liberalization; economic growth; Washington consensus; determinants of development;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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