The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries

  title={The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries},
  author={Charles G. Gore},
  journal={World Development},
  • C. Gore
  • Published 1 May 2000
  • Political Science
  • World Development

What happened to the Washington Consensus? The evolution of international development policy

The Post Washington Consensus? How the Beijing- and the Washington consensus differently impact developmental trajectories of Latin-American and African countries.

The Washington consensus is the manifestation of neoliberal ideas on economics around the 1990s. The consensus revolves around ideas such as trade liberalization, a market oriented economy and a

Rethinking the Emerging Post-Washington Consensus: A Critical Appraisal

The objective of the paper is to provide a critical assessment of the emerging post-Washington Consensus (PWC), as a new paradigm in the development debate. The paper begins by tracing the main

Rethinking the Emerging Post‐Washington Consensus

The objective of this article is to provide a critical assessment of the emerging Post-Washington Consensus (PWC), as the new influential vision in the development debate. The authors begin by

Development Aid—An Historic-Political Overview

Development aid has been an important catalyst for economic development and international politics since the end of WWII. A critical analysis of the main political, social and economic advances in

Washington Consensus, Globalization, Neo Liberaism and the State in Africa: A Critical Exegesis

Neoliberalism as a political economic ideology drives the world’s global economy and it’s responsible for the rise and fall of nations especially the advanced and developing world respectively. The

The Neoliberal Turn in Latin America: The Cycle of Ideas and the Search for an Alternative

The role of ideas has been neglected, in comparison with the role of interests and institutions, in the literature on neoliberal reform in Latin America. While ideas were not the primary cause of

Globalization and Keynes's Ideal of a 'Sounder Political Economy between All Nations'

This paper is a contribution to the elaboration of a narrative of the international economic disorder that followed the demise of the Bretton Woods regime. It therefore revisits some key episodes of

Making Sense of the East Asian Development Model: an Overview of Neoliberal and Statist Accounts

The object of investigation of this article is a select group of East Asian countries that posted the highest growth rates in postwar economic history, and dramatically lowered poverty rates in the

The ‘Rise of the South’: Global Convergence at Last?

This article offers a political economy review of the literatures and the empirical evidence concerning the ‘Rise of the South’. The study focuses on global convergence (in the long-term, in the last



Relevance of structuralist and dependency theories in the neoliberal period : a Latin American perspective

A new political economy is being constructed in Latin America, as national economies become radically restructured and transformed and new social arrangements are being created. The Latin American

Economic Development: The History of an Idea

Economic development has been for many years the dominant national policy objective of the countries in the Third World, but there has been little consensus on the goals and definitions of

Methodological Nationalism and the Misunderstanding of East Asian Industrialisation

This study argues that the controversy over the role of public policy in East Asian industrialisation should not be seen as a question of whether economic success can be attributed to states or

More Instruments and Broader Goals: Moving toward the Post-Washington Consensus

ABSTRACT In this lecture the author acknowledges the failure of the “Washington Consensus” in promoting economic growth and proposes a new consensus where the state has again an active role. He

Democracy and the “Washington consensus”

Globalization Myths: Some Historical Reflections on Integration, Industrialization and Growth in the World Economy

It has become popular to draw a parallel between current globalization trends and the half century of international economic integration before the First World War. Indeed, some writers suggest that

Transferable lessons? Re‐examining the institutional prerequisites of East Asian economic policies

Competing theories of East Asian economic policy share the assumption that a highly capable, coherent economic bureaucracy, closely connected to, but still independent of, the business community, has

The Asian Crisis: Introduction

The floating of the Thai baht on 2 July 1997 marked the onset of the 'Asian Crisis', which had serious repercussions for the 'miracle' economies of East Asia, for developing countries in general and

The interplay of macro- and microeconomics

The statement starts with a balance of the 15-years period of the economic reforms occurred in the region, up to the Mexican financial crisis in 1995. The main lesson to be drawn from this period