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
The US once enjoyed near-hegemony over Latin America, a position initially enshrined by the 1823 Monroe Doctrine and, in modern times, the so-called 'Washington Consensus'.
notable
7 years, 2 months ago