South Africa’s Subimperial Futures: Washington Consensus, Bandung Consensus, or Peoples’ Consensus?

From Washington Consensus to BeST Consensus for World Development

Democracy and the “ Washington Consensus ”

This paper argues that there is a substantial body of economic advice, roughly summarized in the “Washington consensus,” that deserves to be endorsed across the political spectrum. Such endorsement would still leave a series of major economic issues, most notably the tradeoff between efficiency and equity, to be determined by the outcome of the political process. It is argued that the “left,” i...

Is the Washington Consensus Dead?

In the postwar years, most Third World countries turned inward partly in response to what they thought were the disastrous consequences of their 19th century integration into the world economy as the global economy collapsed in the Great Depression. The seeming success of Soviet central planning under Stalin also persuaded the leaders of these newly independent countries to substitute the plan ...

Debating China ’ s Economic Growth : The Beijing Consensus or The Washington Consensus

Executive Overview This paper presents two competing views on China’s growth experience over the past three decades. For the sake of illustrative ease and brevity I label these two opposing views as the Beijing Consensus and the Washington Consensus. The Beijing Consensus interprets China’s economic growth as a function of innovations in the state sector, including close financial controls, sta...

the wall street complex, international monetary fund and washington consensus

“occupy wall street” movement which has aimed the heart of the global financial capitalist system enjoys a special significance in the perspective of social-economic- political, human rights (work force), moral and cultural heritage of nations and can be considered as a symbol of work force economic jihad in national and global level in order to realize justice and socio-economic equality. but ...