Difference between revisions of "Washington Consensus"
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| − | A set of ten economic policies laid out by John Williamson in 1989 which act as a reform guideline for developing countries in crisis. The Washington Consensus is a controversial framework in part due to its association with market fundamentalism, which has led to criticism from countries led by left wing governments, including Argentina and Venezuela. The Consensus is also unpopular among anti-globalization protesters and workers in agriculture, who often rely on subsidies to remain competitive. | + | A set of ten economic policies laid out by John Williamson in 1989 which act as a reform guideline for developing countries in crisis. The Washington Consensus is a controversial framework in part due to its association with [[Market Fundamentalism|market fundamentalism]], which has led to criticism from countries led by left wing governments, including Argentina and Venezuela. The Consensus is also unpopular among anti-globalization protesters and workers in agriculture, who often rely on subsidies to remain competitive. |
[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
Revision as of 09:35, 27 March 2014
A set of ten economic policies laid out by John Williamson in 1989 which act as a reform guideline for developing countries in crisis. The Washington Consensus is a controversial framework in part due to its association with market fundamentalism, which has led to criticism from countries led by left wing governments, including Argentina and Venezuela. The Consensus is also unpopular among anti-globalization protesters and workers in agriculture, who often rely on subsidies to remain competitive.
