The Washington Consensus and East Asian Sequencing: Understanding Reform in East and South Asia

Keun Lee ()

Chapter 3 in Understanding Market Reforms, 2006, pp 99-140 from Palgrave Macmillan

Abstract: Abstract After the second oil shock in the mid-1980s increased the need for structural adjustment, many developing countries initiated economic policy reform. In the 1990s, Krueger’s (2000) second stage of reform, the momentum grew as economists’ views on reform tended to converge on the so-called Washington Consensus, as articulated by Williamson (1990) and summarized in Williamson (1994b)

Keywords: Foreign Direct Investment; Trade Liberalization; Financial Liberalization; Reform Measure; Washington Consensus (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37361-7_3

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DOI: 10.1057/9780230373617_3

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