From the Washington Consensus to the Post-Washington Consensus: Retrospect and Prospect
The past two decades have witnessed major changes in the paradigm of international development assistance. During the 1980s the import-substitution industrialization strategy (ISI) advocating for government market interventions to promote large-scale ...
YUJIRO HAYAMI
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Review of the Washington Consensus: New/old paradigm of macroeconomic policy [PDF]
In the paper, the authors deal with the issue of the Washington Consensus as a model of macroeconomic policy for overcoming the crisis of a debt and transitional nature.
Stojković Radomir +1 more
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Latin America: From the “Washington” to the “Cornwall Consensus”
The research examines the proposals of the “Cornwall Consensus” in the context of their possible application in Latin America. The authors argue that these proposals could contribute to the development of a new economic development strategy for the post ...
Yury N. Moseykin +2 more
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A proper developmental state framework for Greece [PDF]
Post World War II, Greece was enjoying, by and large, significant economic growth that was only slightly lower than that of other Western European nations.
Arestis Philip, Karagiannis Nikolaos
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Development Lessons for Asia from Non-Asian Countries
The disappointments of the Washington Consensus have led to the search for a new paradigm to replace it. The chief failing of the Washington Consensus was that it represented an approach based on “rules of thumb.” As such it was not well grounded either ...
Dani Rodrik
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Coping with globalization: Asian versus Latin American strategies of development, 1980-2010
When compared to Latin America, Asian economies since 1980 have grown faster and have done so with relatively modest inequalities. Why? A comparison of Asia and Latin America underlines the superiority of the nationalist capitalist model of development ...
Atul kohli
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From hands off to hands on: the evolution of Bahrain's industrial policy during the 21st century [PDF]
Purpose – This paper aims to address two fundamental questions: (1) How has Bahrain's industrial policy evolved during the 21st century? and (2) what factors contribute to this evolution? Design/methodology/approach – Utilizing secondary data, this paper
Omar Al-Ubaydli
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Goodbye Washington Consensus, hello Washington confusion?: A review of the World Bank's 'Economic growth in the 1990s: Learning from a decade of reform' [PDF]
Proponents and critics alike agree that the policies spawned by the Washington Consensus have not produced the desired results. The debate now is not over whether the Washington Consensus is dead or alive, but over what will replace it.
Rodrik Dani
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We analyze the restructuring of the Maribor industry during the 1980s and 1990s. Various scholars have already studied the (de)industrialisation dynamics of Maribor in that period.
Ana Podvršič
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Globalization and International Development Finance: a Troubled Path?
Since the establishment of the Bretton Woods institutional framework in 1944, the World Bank played the lion’s share in development finance globally.
Giovanni Barbieri
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