Beyond The Washington Consensus

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Development Policy in the Twenty-First Century

Author : Ben Fine
Publisher : Taylor & Francis
ISBN 13 : 1000950204
Total Pages : 229 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Development Policy in the Twenty-First Century by : Ben Fine

Download or read book Development Policy in the Twenty-First Century written by Ben Fine and published by Taylor & Francis. This book was released on 2023-05-09 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This excellent book, newly available in paperback, addresses the growing dissatisfaction with the neo-liberal post-Washington consensus. The concern of the contributors in writing this collection was that this consensus has established itself as a new orthodoxy, more powerful and widespread than its predecessor. This broad-ranging critique explains that without a much broader political economy the consensus is unlikely to provide a coherent framework for successful development policies. Development Policy in the 21st Century is unique in its depth and assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate the reader's understanding of this important area, and is required reading for any student, academic or interested reader that wishes to understand one of the most important issues in international economics.

Latin America Facing China

Author : Alex E. Fernández Jilberto
Publisher : Berghahn Books
ISBN 13 : 0857456237
Total Pages : 217 pages
Book Rating : 4.8/5 (574 download)

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Book Synopsis Latin America Facing China by : Alex E. Fernández Jilberto

Download or read book Latin America Facing China written by Alex E. Fernández Jilberto and published by Berghahn Books. This book was released on 2012 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last quarter of the twentieth century was a period of economic crises, increasing indebtedness as well as financial instability for Latin America and most other developing countries; in contrast, China showed amazingly high growth rates during this time and has since become the third largest economy in the world. Based on several case studies, this volume assesses how China's rise - one of the most important recent changes in the global economy - is affecting Latin America's national politics, political economy and regional and international relations. Several Latin American countries benefit from China's economic growth, and China's new role in international politics has been helpful to many leftist governments' efforts in Latin America to end the Washington Consensus. The contributors to this thought provoking volume examine these and the other causes, effects and prospects of Latin America's experiences with China's global expansion from a South - South perspective.

After the Washington Consensus

Author : Pedro-Pablo Kuczynski
Publisher : Columbia University Press
ISBN 13 : 0881324515
Total Pages : 400 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis After the Washington Consensus by : Pedro-Pablo Kuczynski

Download or read book After the Washington Consensus written by Pedro-Pablo Kuczynski and published by Columbia University Press. This book was released on 2003-03-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.

Contemporary Latin America

Author : Francisco Panizza
Publisher : Zed Books Ltd.
ISBN 13 : 1848136331
Total Pages : 320 pages
Book Rating : 4.8/5 (481 download)

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Book Synopsis Contemporary Latin America by : Francisco Panizza

Download or read book Contemporary Latin America written by Francisco Panizza and published by Zed Books Ltd.. This book was released on 2013-04-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America has changed dramatically over the past few years. While the 1990s were dominated by the politically orthodoxy of the Washington Consensus and the political uniformity of centre right governments the first decade of the new century is being characterised by the emergence of a plurality of economic and political alternatives. In an overview of the history of the region over the past twenty-five years this book traces the intellectual and political origins of the Washington Consensus, assesses its impact on democracy and economic development and discusses whether the emergence of a variety of left-wing governments in the region represents a clear break with the politics and policies of the Washington Consensus. Clearly written and rigorously argued the book will be of interest to academics, students of Latin American politics and anybody interested in understanding contemporary Latin America.

Beyond the Washington Consensus

Author : Shahid Javed Burki
Publisher : World Bank Publications
ISBN 13 : 9780821342824
Total Pages : 172 pages
Book Rating : 4.3/5 (428 download)

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Book Synopsis Beyond the Washington Consensus by : Shahid Javed Burki

Download or read book Beyond the Washington Consensus written by Shahid Javed Burki and published by World Bank Publications. This book was released on 1998-01-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing institutions and to evaluate how political economy concepts can be used to develop strategies for implementing institutional reforms. Employing some of these concepts, the report demonstrates that sound institutional reform can be technically and politically viable in the following key sectors: banking; capital markets and legal institutions; educational institutions; judicial reforms; and public administration.

The Washington Consensus Reconsidered

Author : Narcís Serra
Publisher : OUP Oxford
ISBN 13 : 9780191538605
Total Pages : 400 pages
Book Rating : 4.5/5 (386 download)

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Book Synopsis The Washington Consensus Reconsidered by : Narcís Serra

Download or read book The Washington Consensus Reconsidered written by Narcís Serra and published by OUP Oxford. This book was released on 2008-04-24 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

In Search of China's Development Model

Author : S. Philip Hsu
Publisher : Routledge
ISBN 13 : 1136852093
Total Pages : 266 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis In Search of China's Development Model by : S. Philip Hsu

Download or read book In Search of China's Development Model written by S. Philip Hsu and published by Routledge. This book was released on 2012-05-23 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development model that has driven China's economic success and looks at how it differs from the Washington Consensus. China’s Development Model (CDM) is examined with a view to answering a central question: given China’s peculiar matrix of a socialist party-state juxtaposed with economic internationalization and marketization, what are the underlying dynamics and the distinctive features of the economic and political/legal/social dimensions of the CDM, and how do we properly characterize their interrelations? The chapters further analyse to what extent and under what circumstances is China's development model sustainable, and to what degree is it readily applicable to other developing countries. Based on their findings in this volume, the authors conclude that the defining feature of the CDM’s economic dimension is "Janus-faced state-led growth," and the political/legal/social dimension of the CDM is best characterized as "adaptive post-totalitarianism." The contributors illustrate that the CDM’s parameters are shown to be much less sustainable than the CDM’s outcome in developmental performance and the extent to which the CDM can be applied to other late-developers is subject to more qualifications than its sustainability.

The New Development Economics

Author : Jomo K.S.
Publisher : Zed Books
ISBN 13 : 9781842776438
Total Pages : 332 pages
Book Rating : 4.7/5 (764 download)

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Book Synopsis The New Development Economics by : Jomo K.S.

Download or read book The New Development Economics written by Jomo K.S. and published by Zed Books. This book was released on 2006 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a critique of the post-Washington Concensus in neoliberal economics.

Beyond the World Bank Agenda

Author : Howard Stein
Publisher : University of Chicago Press
ISBN 13 : 0226771652
Total Pages : 353 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Beyond the World Bank Agenda by : Howard Stein

Download or read book Beyond the World Bank Agenda written by Howard Stein and published by University of Chicago Press. This book was released on 2008-09-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. In Beyond the World Bank Agenda, Howard Stein argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development. Drawing on the examples of Africa, Asia, Latin America, and transitional European economies, this revolutionary volume proposes an alternative vision of institutional development with chapter-length applications to finance, state formation, and health care to provide a holistic, contextualized solution to the problems of developing nations. Beyond the World Bank Agenda will be essential reading for anyone concerned with forging a new strategy for sustainable development.

Economic Growth in the 1990s

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 9780821360439
Total Pages : 384 pages
Book Rating : 4.3/5 (64 download)

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Book Synopsis Economic Growth in the 1990s by : World Bank

Download or read book Economic Growth in the 1990s written by World Bank and published by World Bank Publications. This book was released on 2005 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.

The China Triangle

Author : Kevin Gallagher
Publisher : Oxford University Press
ISBN 13 : 0190246731
Total Pages : 257 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The China Triangle by : Kevin Gallagher

Download or read book The China Triangle written by Kevin Gallagher and published by Oxford University Press. This book was released on 2016 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gallagher traces the development of the China-Latin America trade over time and covers how it has affected the centuries-old (and highly unequal) US-Latin American relationship. He argues that despite these opportunities Latin American nations have little to show for riding the coattails of the 'China Boom' and now face significant challenges in the next decades as China's economy slows down and shifts more toward consumption and services. While the Latin American region saw significant economic growth due to China's rise over the past decades, Latin Americans saved very little of the windfall profits it earned even as the region saw a significant hollowing of its industrial base. What is more, commodity-led growth during the China boom reignited social and environmental conflicts across the region. Scholars and reporters have covered the Chinese expansion into East Asia, Southeast Asia, Australasia, Africa, the US, and Europe.

Finance & Development, September 2003

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451952414
Total Pages : 60 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Finance & Development, September 2003 by : International Monetary Fund. External Relations Dept.

Download or read book Finance & Development, September 2003 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2003-08-22 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and import-substitution trade strategies. Latin American governments championed the Consensus in the early 1990s, and the policy agenda delivered some of the things it was supposed to—healthier budgets, lower inflation, lower external debt ratios, and economic growth. But unemployment rose in many countries and poverty remained widespread, while the emphasis on market openness made states vulnerable to the side effects of globalization.

From Triumph to Crisis

Author : Hilary Appel
Publisher : Cambridge University Press
ISBN 13 : 1108422292
Total Pages : 257 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis From Triumph to Crisis by : Hilary Appel

Download or read book From Triumph to Crisis written by Hilary Appel and published by Cambridge University Press. This book was released on 2018-05-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the surprising endurance of neoliberal policymaking over two decades in post-Communist countries, from 1989-2008, and its decline after the financial crash.

Industrial Policy in an Era of Globalization

Author : Marcus Noland
Publisher : Columbia University Press
ISBN 13 : 088132454X
Total Pages : 144 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Industrial Policy in an Era of Globalization by : Marcus Noland

Download or read book Industrial Policy in an Era of Globalization written by Marcus Noland and published by Columbia University Press. This book was released on 2003-03-07 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization reigns supreme as a description of recent economic transformation—and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies—plus the Asian financial crisis—have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?

Left Behind

Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 0226184803
Total Pages : 308 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Left Behind by : Sebastian Edwards

Download or read book Left Behind written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2010-06-15 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources—and a history of productivity and wealth—in recent decades the region has fallen further and further behind developed nations, surpassed even by other developing economies in Southeast Asia and elsewhere. In Left Behind, Sebastian Edwards explains why the nations of Latin America have failed to share in the fruits of globalization and forcefully highlights the dangers of the recent turn to economic populism in the region. He begins by detailing the many ways Latin American governments have stifled economic development over the years through excessive regulation, currency manipulation, and thoroughgoing corruption. He then turns to the neoliberal reforms of the early 1990s, which called for the elimination of deficits, lowering of trade barriers, and privatization of inefficient public enterprises—and which, Edwards argues, held the promise of freeing Latin America from the burdens of the past. Flawed implementation, however, meant the promised gains of globalization were never felt by the mass of citizens, and growing frustration with stalled progress has led to a resurgence of populism throughout the region, exemplified by the economic policies of Venezuela’sHugo Chávez. But such measures, Edwards warns, are a recipe for disaster; instead, he argues, the way forward for Latin America lies in further market reforms, more honestly pursued and fairly implemented. As an example of the promise of that approach, Edwards points to Latin America's giant, Brazil, which under the successful administration of President Luis Inácio da Silva (Lula) has finally begun to show signs of reaching its true economic potential. As the global financial crisis has reminded us, the risks posed by failing economies extend far beyond their national borders. Putting Latin America back on a path toward sustained growth is crucial not just for the region but for the world, and Left Behind offers a clear, concise blueprint for the way forward.

Behind the Development Banks

Author : Sarah Babb
Publisher : University of Chicago Press
ISBN 13 : 0226033678
Total Pages : 331 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Behind the Development Banks by : Sarah Babb

Download or read book Behind the Development Banks written by Sarah Babb and published by University of Chicago Press. This book was released on 2009-08-01 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

International Development and the Washington Consensus

Author : John Marangos
Publisher :
ISBN 13 : 9780367200053
Total Pages : 234 pages
Book Rating : 4.2/5 ( download)

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Book Synopsis International Development and the Washington Consensus by : John Marangos

Download or read book International Development and the Washington Consensus written by John Marangos and published by . This book was released on 2020 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, John Marangos offers an insightful analytical and theoretical review of the Washington Consensus and its successors among the mainstream. Following an intuitive structure, it explores international development and the Washington Consensus, as a critique through the lenses of Neoclassical economics, Post Keynesian economics, Institutional economics, and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant development paradigm, and enables readers to identify the interconnections, interrelationships, and intercontradictions between different frameworks and policies. It will be a valuable supplementary reading for students, researchers, and policymakers in international development, development economics, heterodox economics, and the history of economic thought.