Washington consensus, a set of economic policy recommendations for developing countries, and latin america in particular, that became popular during the 1980s. The ideas were intended to help developing countries that faced economic crises. The author is indebted to colleagues at the institute for international economics for comments on a previous. This was in the context of a region where almost all the countries had run large deficits that led to balance of payments crises and high inflation that hit mainly the poor because the rich could park their money abroad. The washington consensus as policy prescription for development john williamson senior fellow, institute for international economics a lecture in the series practitioners of development delivered at the world bank on january, 2004. Salariazo y revolucion productiva alianzas con agentes economicos. Dec 10, 2015 jose pablo feinmann y horacio gonzalez en otra trama, con osvaldo quiroga. The washington consensus is a set of ten economic policy prescriptions considered to constitute the standard reform package promoted for crisiswracked developing countries by washington, d. Apr 30, 2018 the washington consensus refers to a set of freemarket economic policies supported by prominent financial institutions such as the international monetary fund, the world bank, and the u. The term washington consensus usually refers to the level of agreement between the international monetary fund imf, world bank, and u. The washington consensus refers to a set of freemarket economic policies supported by prominent financial institutions such as the international monetary fund, the world bank, and the u. A british economist named john williamson coined the term washington consensus in 1989. The ten commandments of the washington consensus 1.
The term was first used in 1989 by english economist john williamson. Universidad andina simon bolivar sede ecuador 716 views. The ten commandments of the washington consensus balance of. A proposta esteve alicercada nas politicas neoliberais, as quais garantiam, dentre outras coisas, o crescimento economico e o. Pdf the purpose of this work is to show the main characteristics of the washington consensus and the measures of economic policy that go along with.