The discrete charm of the Washington consensus

Jan Kregel

Journal of Post Keynesian Economics, 2008, vol. 30, issue 4, 541-560

Abstract: Over the last two centuries in Latin America a Washington Consensus development strategy based on integration in the global trading system has dominated domestic demand management and industrialization "from within." This paper assesses the performance of each from the point of view of the impact of external conditions, and the validity of its underlying theory. It concludes by noting that replacing the Consensus will require not only a reform of the international financial architecture, but a return to the integrated policy framework represented in the Havana Charter.

Keywords: development finance; financial crisis; Latin American development; Washington consensus (search for similar items in EconPapers)
Date: 2008
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Working Paper: The Discrete Charm of the Washington Consensus (2008)
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