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 insistence that all developing states follow their liberal instruction sheets to get rich, the so-called Washington Consensus approach to development
notable
6 years, 11 months ago