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Development Lessons for Asia from Non-Asian Countries

Dani Rodrik

Asian Development Review (ADR), 2006, vol. 23, issue 01, 1-15

Abstract: 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 in economic theory or in the reality of actual countries. I discuss several strands of new thinking that have appeared following the demise of the Washington Consensus, and argue in favor of an explicitly diagnostic approach.

Date: 2006
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DOI: 10.1142/S0116110506000017

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