The Washington Consensus
Assessing A “damaged Brand”
Bibliographic Data
| ID | 20003955 |
|---|---|
| Authors | Nancy Birdsall (0000-0002-9010-7455, Center for Global Development), Augusto De La Torre (0000-0002-4894-0355, World Bank), Felipe Valencia Caicedo |
| Year | 2011 |
| Publication date | 2011-07-28 |
| Open Access | No |
| Type | BOOK |
| Venue | The Oxford Handbook of the Latin American economics (SOURCE_BOOK) |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/oxfordhb/9780199571048.013.0004 |
| OpenAlex | W4205093156 |
| ISBN | 9780199571048 |
| Language | EN |
| Citations received | 3 |
This chapter examines the ‘Washington Consensus’ in Latin America, policies laid out by John Williamson in 1989. For its advocates, the Consensus reflected a doctrine of economic freedom that was best suited for the political democracies to which many Latin countries had returned after a long spell of military dictatorships. For its opponents, the Consensus was an unjust set of neoliberal policies, imposed on hapless countries by the Washington-based international financial institutions. Williamson's policies rode on a global wave that transformed the conventional wisdom in favor of free-market economics, which included the rise of neoclassical economics and the rational expectations revolution among academic macroeconomists
Democracy · Development economics · Dictatorship · Doctrine · Economics · Latin Americans · Law and economics · Political economy · Political science · Politics · Sociology · Spell · Washington Consensus · Law · Political Economy and Marxism
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2022 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |