Washington Consensus The A Critical Evaluation Of The Principles And Implications For Economic Development

Author : Imad A Moosa
Publisher : World Scientific
ISBN 13 : 9811236798
Total Pages : 371 pages
Book Rating : 4.92/5 ( download)

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Download or read book Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development written by Imad A Moosa and published by World Scientific. This book was released on 2021-07-02 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.

Author : Imad A. Moosa
Publisher :
ISBN 13 : 9789811236785
Total Pages : 371 pages
Book Rating : 4.8X/5 ( download)

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Download or read book The Washington Consensus written by Imad A. Moosa and published by . This book was released on 2021 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the "ten commandments") are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights). The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as "polemic", the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries"--

Author : Narcís Serra
Publisher : OUP Oxford
ISBN 13 : 9780191538605
Total Pages : 400 pages
Book Rating : 4.04/5 ( download)

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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.

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 9780821360439
Total Pages : 384 pages
Book Rating : 4.34/5 ( download)

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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.

Author : Jomo K.S.
Publisher : Zed Books
ISBN 13 : 9781842776438
Total Pages : 332 pages
Book Rating : 4.36/5 ( download)

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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.

Author : John Marangos
Publisher :
ISBN 13 : 9780367200053
Total Pages : 234 pages
Book Rating : 4.58/5 ( download)

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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.

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
ISBN 13 : 0393071073
Total Pages : 304 pages
Book Rating : 4.78/5 ( download)

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Download or read book Globalization and Its Discontents written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2003-04-17 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Author : Pedro-Pablo Kuczynski
Publisher : Columbia University Press
ISBN 13 : 0881324515
Total Pages : 400 pages
Book Rating : 4.18/5 ( download)

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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.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451952414
Total Pages : 60 pages
Book Rating : 4.14/5 ( download)

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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.

Author : Amartya Sen
Publisher : Anchor
ISBN 13 : 030787429X
Total Pages : 384 pages
Book Rating : 4.90/5 ( download)

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Download or read book Development as Freedom written by Amartya Sen and published by Anchor. This book was released on 2011-05-25 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.