The term Washington Consensus was coined in 1989 by English economist John Williamson to refer to a set of 10 relatively specific economic policy prescriptions that he considered constituted the `standard` reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary F.....
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http://en.wikipedia.org/wiki/Washington_Consensus
A set of economic practices and reforms deemed by international financial institutions (located in Washington, D.C.) to be helpful for financial stability and economic development; often imposed as conditions for economic assistance by these institutions. Phrase coined by John Williamson (1990).
Found on
http://www-personal.umich.edu/~alandear/glossary/w.html
(from the article `A Leftist Surge in Latin America`) The leftist surge was rooted in reaction to the so-called Washington consensus, a set of economic policies adopted in most Latin American countries ...
Found on
http://www.britannica.com/eb/a-z/w/12
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