• Corpus ID: 140994996

The Washington Consensus Reconsidered: Towards a New Global Governance

@inproceedings{Serra2008TheWC,
  title={The Washington Consensus Reconsidered: Towards a New Global Governance},
  author={Narc{\'i}s Serra and J. E. Stiglitz},
  year={2008}
}
This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and… 
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TLDR
Latin America's market-oriented reforms, together with increased monetary and fiscal discipline, were successful in bringing down inflation, inducing export growth and diversification, and attracting foreign direct investment, but economic growth was frustratingly slow.