The Post-COVID Consensus

Shahid Yusuf
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Shahid Yusuf: Growth Dialogue and Center for Global Development

No 308, Policy Papers from Center for Global Development

Abstract: Development economics is turning a full circle with a difference. This paper addresses the circling back to the policies in vogue during the 1980s and earlier, including industrial policies, coupled with protectionism; accounts for the regression to earlier certitudes after an extended spell of globalization underpinned by market fundamentalism; and indicates how a transforming global environment has enlarged the policy agenda. There is a new policy consensus in the making, which borrows some elements of the Washington Consensus but goes beyond to encompass a broader policy agenda.

Pages: 35 pages
Date: 2023-10-02
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:308

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