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 so-called Washington Consensus, confidently enforced by the IMF, World Bank, and other economic institutions since the 1970s, has been comprehensively challenged from within the ranks of its own practitioners.
notable
9 years, 1 month ago