Washington Consensus
(en)
a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson
Still, there are differences between the “Washington Consensus” policies of the past and those advanced by the brics. For one, China does not have a neoliberal economy
notable
9 years ago