Publication
May 2010
In this paper we analyze the Washington Consensus, which at its original formulation reflected views not only from Washington but also from Latin America. We trace the life of the Consensus from a Latin American perspective in terms of evolving economic development paradigms. We document the extensive implementation of Consensus-style reforms in the region as well as the mismatch between reformers’ expectations and actual outcomes, in terms of growth, poverty reduction, and inequality. We then present an assessment of what went wrong with the Washington Consensus-style reform agenda, using a taxonomy of views.
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English (PDF, 42 pages, 601 KB) |
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Author | Nancy Birdsall, Augusto de la Torre, Felipe Valencia Caicedo |
Series | CGD Working Papers |
Issue | 213 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2010 Center for Global Development (CGD) |