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
China’s economic development suggests the possibility of a Chinese twenty-first century, with a ‘Beijing Consensus’ succeeding the ‘Washington Consensus’.
notable
7 years, 2 months ago