The Washington Consensus Reconsidered: Towards a New Global Governance

This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance. Contributors to this volume - Alice Amsden, MIT Olivier Blanchard, MIT Guillermo Calvo, Columbia University Daniel Cohen, Universite de Paris-I (Pantheon-Sorbonne) and Ecole Normale Superieure, Paris Jeffrey Frankel, Harvard University Ricardo Hausmann, Harvard University Martin Khor, Third World Network Paul Krugman, Princeton University Deepak Nayyar, Jawaharlal Nehru University Jose Antonio Ocampo, Co- President, Initiative for Policy Dialogue (IPD), Columbia University Dani Rodrik, Harvard University Joseph E. Stiglitz, Co- President, Initiative for Policy Dialogue (IPD), Columbia University Ernesto Talvi, Center for the Study of Economic and Social Affairs Andres Velasco, Harvard University John Williamson, Peter G. Peterson Institute of International Economics