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Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s

Author

Listed:
  • Taylor, Alan M.
  • Estevadeordal, Antoni

Abstract

According to the Washington Consensus, developing countries' growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth.

Suggested Citation

  • Taylor, Alan M. & Estevadeordal, Antoni, 2009. "Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s," IDB Publications (Working Papers) 2518, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:2518
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    Keywords

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    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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