[PDF] between “washington consensus” and “asian way”

  • What is the difference between Washington Consensus and Post Consensus?

    The Washington Consensus advocated a set of instruments (including macroeconomic stability, liberalized trade, and privatization) to achieve a relatively focused goal (economic growth).
    The post-Washington Consensus begins by recognizing that a broader set of instruments are necessary to achieve those goals.

  • What are the alternatives to the Washington Consensus?

    An alternative approach would be to consider the antithesis of Washington Consensus–type policies, such as those associated with economic populism. [5] Such policies include economic nationalism (trade and investment protectionism), large expansions in fiscal deficit spending, and greater state control over industry.

  • What is the main point of the Washington Consensus?

    The three main ideas presented in the Washington Consensus are macroeconomic discipline, the development and promotion of a market economy, and a general degree of openness to the world.

  • What is the main point of the Washington Consensus?

    On the negative side, Washington Consensus has been criticised for the lack of provisions to identify and address systematic market failures in developing countries, being purely theory based, and not derived from macro-economic experimentations and practices in practical levels, inapplicability during the times of

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[PDF] BETWEEN “WASHINGTON CONSENSUS” AND “ASIAN WAY”

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