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The Post-Washington Consensus: Development after the Crisis - Working Paper 244

Nancy Birdsall
Authors registered in the RePEc Author Service: Nancy Birdsall

No 244, Working Papers from Center for Global Development

Abstract: A clear shift in the development agenda is underway. Traditionally, an agenda generated in the developed world was implemented in - and, indeed, often imposed on - the developing world. The United States, Europe, and Japan will continue to be significant sources of economic resources and ideas, but the emerging markets will become significant players. Countries such as Brazil, China, India, and South Africa will be both donors and recipients of resources for development and of best practices for how to use them. In fact, development has never been something that the rich bestowed on the poor but rather something the poor achieved for themselves. It appears that the Western powers are finally waking up to this truth in light of a financial crisis that, for them, is by no means over.

Keywords: post-washington consensus; development; financial crisis; emerging-market economies (search for similar items in EconPapers)
Pages: 40 pages
Date: 2011-03
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Citations: View citations in EconPapers (3)

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