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More Instruments and Broader Goals: Moving toward the PostWashington Consensus

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  • J. 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.
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Suggested Citation

  • J. Stiglitz, 1998. "More Instruments and Broader Goals: Moving toward the PostWashington Consensus," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 8.
    • Handle: RePEc:nos:voprec:1998-08-0368
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    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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