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The Post-COVID Consensus

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  • Shahid Yusuf

    (Growth Dialogue and Center for Global Development)

Abstract

Development economics is turning a full circle with a difference. This paper addresses the circling back to the policies in vogue during the 1980s and earlier, including industrial policies, coupled with protectionism; accounts for the regression to earlier certitudes after an extended spell of globalization underpinned by market fundamentalism; and indicates how a transforming global environment has enlarged the policy agenda. There is a new policy consensus in the making, which borrows some elements of the Washington Consensus but goes beyond to encompass a broader policy agenda.

Suggested Citation

  • Shahid Yusuf, 2023. "The Post-COVID Consensus," Policy Papers 308, Center for Global Development.
    • Handle: RePEc:cgd:ppaper:308
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